Here's one housing-related bill that's heading down
If you're a BGE customer, you can expect your electric bill will fall next year.
Average residential bills will be $192 less during the June through May period than in the current 12-month stretch, according to the utility's projections. That's $16 less a month -- and $28 per month below the peak of two years ago. But the tab is still well above where things stood during the six-year freeze on rates that lifted in 2006 to much Sturm und Drang.
Usually, rates go up during the summer and fall during the off-season. But the drop in energy prices is significant enough that next summer's rates will be ever-so-slightly lower than they are now, with a bigger decrease to come next fall. Grand total: an 11 percent drop compared with June 2010 through May 2011.
How's your bill these days? Are you seeing any other housing expenses falling? (Folks due for a reassessment should end up with a lower property-tax bill in July, at least.)
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Comments
If you had signed up with Viridian Energy this summer, you would have already seen a nearly 18% drop in your electricity rates over BGE's exorbitant charges. This paltry 12% promised for next summer is too little, too late. So... with competition finally lowering power costs, what is BGE doing? Discovering that its costing them more to *deliver* the power... this is so transparent as to be laughable. Its called gouging the consumer. And it needs to be reined in by the regulators.
Posted by: Wayne Curtis | October 29, 2010 11:17 AM
And they announce this right before the election - but an odd coincidence...
Posted by: Dr Cox | October 31, 2010 10:01 AM