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March 26, 2009

Energy shopping FAQs

Out of town and no blogging for a few days. Meanwhile, people ask:

Q. If I switch away from BGE's standard electricity product, will I be kicked out of BGE's Peak Rewards club, which gives rebates for briefly cycling off my AC on hot summer days?
A. No. Peak Rewards is a BGE program. BGE is always your electric utility and your electric distributor. Switching to WGES or Clean Currents for juice won't affect Peak Rewards.

Q. Will BGE charge me a fee to switch to a different supplier?
A. No.

Q. Do I need to notify BGE if I switch to Clean Currents or WGES?
A. No. WGES or Clean Currents does that for you.

Q. I have time-of-use metering, in which I pay more for electricity used at peak times than for electricity used at offpeak times. Can I switch suppliers?
A. No. If you want time of use metering -- and the offpeak discounts look pretty lousy this summer -- you can't switch to WGES or anybody else. Eventually, as the grid gets smarter, this should change.

Posted by Jay Hancock at 8:47 AM | | Comments (2)
Categories: BGE/electricity
        

Comments

When you lock in a price for say two years, what happens when you move. I understand that if you cancel the contract you pay a fee, but are there exceptions or fee waivers for moving.

On a similar note, is the contract portable. If I'm locked in, can I transfer my contract to another property.

Staying in PeakRewards is important. Loss of that discount would offset lots of the savings from switching. So, the decision to switch is still viable. Now, what is budget billing worth to me? It is actually quite important for the larger energy portion of the bill. Other suppliers do not offer budget billing according to BGE. Gotta think about it. OR, do es anyone know differently?

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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 Wednesdays and Fridays.
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