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April 23, 2008

The best deal on summer electricity

Is from BGE's standard product. From today's column:

Jennifer and Rob Brewington of Glenwood switched to an alternative electricity supplier two years ago, saved a few dollars and figured they would renew when the deal expired in June. That was before they checked the details.

"It looks like they're raising the rates," says Jennifer Brewington. "Because they were slightly more reasonably priced than BGE back when I signed up with them, I thought they might continue to be."

But the new offer, from Washington Gas Energy Services, was about 17 percent higher than what Baltimore Gas and Electric's standard, electric-supply price will be after June 1. The Brewingtons canceled the WGES deal and went back to BGE.

Which might be a good idea. Because BGE locked up most of its electricity supply for this year months ago, when prices were lower, rival suppliers such as WGES and Commerce Energy are having a hard time undercutting it.

Posted by Jay Hancock at 10:43 AM | | Comments (0)
        

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About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.
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