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June 5, 2009

Summer BGE electric, natural gas rates

A couple links for energy prices. BGE's summer prices, which took effect June 1 unless you switched to an alternate supplier, can be seen by clicking here. BGE's default price for residences through September will be 12.669 cents per kilowatt-hour, the highest it has ever been. (Add 2 cents and change for BGE's delivery on top of that, plus all the nuisance charges.) Non-summer prices starting in October are also there.

And BGE just posted its latest monthly price change for natural gas. The June price (again, excluding delivery) is 57.05 cents per therm, a slight increase from May but less than half the price from a year ago. To see the chart of monthly gas prices back to 2002 click here.

Posted by Jay Hancock at 5:46 PM | | Comments (10)
Categories: BGE/electricity
        

Comments

Hi Mr. Hancock,

I came across your website and had a few questions in mind regarding apartments and their utilities rates. We currently have two to choose from: 701 North Howard Street, and 28 East Mount Vernon. Howard is 745/month, utilities included except electric -- but the winter heating requires electric. Mt Vernon is 800/month, we pay the electric, but includes "free" heat, which is operated by gas. I was wondering how much can electric heating cost during the winter, and if it is operated by BGE, who i hear is infamous for unreasonably increasing their rates. Are we really saving more by staying with Howard St, or will the heating costs eventually add up to Mt. Vernon's rent?

Thanks,
Frances

Slightly off topic, but I just noticed a "EmPower MD Chg" on the last couple of statements. What is this paying for and why haven't I heard more about this new charge?

Thanks

Thanks Mr. Hancock! your information was a big help!

-Frances

JK,

I just Googled "EmPower MD Chg" and came up with this: Governor O’Malley’s third major initiative, the EmPower Maryland legislation, establishes a target to reduce energy consumption by 15% by 2015. This is one of the most ambitious energy reduction goals in the Country. So an initiative to make the environment cleaner, will cost ya! You probably haven't heard about ti because O'Malley doesn't want the voters to think he went back on his promise to prevent the BGE rate increase. I always hate legislation to "massage" corporate behavior because ANY cost to implement the legislation will be passed to the consumer....EVERYTIME!

JK,

This link to the BGE site will also answer this quesiton:

http://www.bge.com/portal/site/bge/menuitem.e21b3e6a47a3b69e0254c0e5747176a0/

Hi, Mr. Hancock,

I have been researching the gas market a bit. In the process I have spoken w/ Wash. Gas, BGE, BGE Home and MX Energy. I understand the "regulated co's" (BGE, etc) can't offer fixed rates. Apparently this is why they have set up other companies to offer this option? I thought MD was deregulated to do away with the regulated entities? The commodity prices seem to range from 57.05 cents for BGE "regulated" to 75.42 cents for Wash. Gas (within BGE's footprint).

I'm not saying it's a bad thing, but can you shed some light on regulated vs. deregulated? Also, does BGE have a history of raising prices in the winter when usage goes up? I'm just trying to choose as intelligently as I can and it seems like you are pretty in-tune w/ the market.

Thank you

Just got a mailer from BGE Home offering to sell me natural gas for my home "for 12 months at 69.9 cents per therm from Nov 1, 2009 through October 31, 2010". But I must be among the first 1000 customers to sign up. Is that a good deal?

I received an offer from Dominion Retail Electric offering electric at 10.37 cents/kWh compared to BGE at 11.97 cents/kWh. The offer is good thru 11/10 with the rates holding till Dec 31 of 2010. If I switch, will I be entitled to the BGE rate refund being negotiated currently by the Gov and PSC with Constellation regarding their merger with the French nuclear company?

Finally received my $100 credit they
promised OMalley. It was a joke.
After the deduction, bill was $458, the
highest bill I have ever received in 50 yrs.
as a customer of BGE. They raised the bill by $100 & then deducted $100.
They are liars rip off artists. Maybe
Shatuck's wife needed a new wardrobe
at $2000 a gown. They should be
ashamed to do this to people in the middle of a recession when everyone
is struggling to make ends meet.
What is going to happen to the poor
families who have to deny food to their
children in order to pay these thieves?

Finally received my $100 credit they
promised OMalley. It was a joke.
After the deduction, bill was $458, the
highest bill I have ever received in 50 yrs.
as a customer of BGE. They raised the bill by $100 & then deducted $100.
They are liars rip off artists. Maybe
Shatuck's wife needed a new wardrobe
at $2000 a gown. They should be
ashamed to do this to people in the middle of a recession when everyone
is struggling to make ends meet.
What is going to happen to the poor
families who have to deny food to their
children in order to pay these thieves?

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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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