BGE bills set to rise this year as part of planned, multiyear rate increase
NEW FOOD AND RETAIL SPACES, AND IMPROVING ITS RESTROOMS. WELL, IF YOU’VE NOTICED, YOUR B.G.E. BILL IS HIGHER THIS MONTH, YOU ARE NOT ALONE. THE HIGHER PRICES ARE PART OF THE UTILITY’S PLANNED RATE INCREASES. OUR ANDRE HEPKINS JOINS US NOW IN THE NEWSROOM TO HELP US GET THE FACTS ON THE CHANGES. ANDRE, THESE RATE INCREASES. THIS IS ALL PLANNED. YES, THEY WERE JASON AND ASHLEY, YOU’LL RECALL MARYLAND PUBLIC SERVICE COMMISSION APPROVED THIS INCREASE IN 2023. IT’S PART OF BG’S MULTIYEAR RATE PLAN. ACCORDING TO THE UTILITY, THE AVERAGE HOUSEHOLD WILL SEE ELECTRICITY BILLS RISE BY A LITTLE MORE THAN A DOLLAR EACH MONTH, AND NATURAL GAS BILLS WILL BE ABOUT $2.65 HIGHER EVERY MONTH. HOWEVER, THIS IS CONTINGENT ON USAGE. BUT THIS IS JUST THE FIRST OF SEVERAL PLANNED INCREASES COME FEBRUARY. ELECTRICITY RATES WILL INCREASE $0.72 ON AVERAGE, WHILE GAS PRICES WILL RISE NEARLY $2. THIS IS THE RESULT OF THE PSC PARTIAL GRANT OF THE PROPOSED B.G.E. RATE INCREASE, AND NOW THESE PRICES WILL LIKELY GO UP AGAIN IN MARCH. AND THAT’S BECAUSE OF A RULING FROM THE PUBLIC SERVICE COMMISSION. B.G.E. WILL BE ABLE TO DIVIDE SOME OF THE COSTS FROM WINTER AND SUMMER USAGE ONTO FALL AND SPRING BILLS. GENERALLY, WE USE LESS HEAT AND AC IN THOSE SEASONS. B.G.E. SAYS THESE HIGHER RATES ARE NECESSARY TO FUND THE UTILITY’S IMPROVEMENTS TO INFRASTRUCTURE. THERE A
BGE bills set to rise this year as part of planned, multiyear rate increase
If you’ve noticed your Baltimore Gas and Electric bill is higher this month, you are not alone.The higher prices are part of the utility’s planned rate increases.Maryland’s Public Service Commission approved the increase in 2023 as part of a multiyear plan.According to the utility, the average household will see electricity bills rise by a little more than $1 per month.Natural gas bills will be around $2.65 higher per month — contingent on usage.The rate hike is the first of several planned increases. In February, electricity rates will increase by 72 cents on average, while gas prices will rise nearly $2.The figures are the result of the Public Service Commission’s partial granting of the proposed BGE rate increase.The prices will likely increase again in March after a ruling from the PSC.BGE will be able to divide some of the costs from winter and summer usage onto fall and spring bills. The effort comes as households generally use less heat and AC in those seasons.BGE said the higher rates are necessary to fund the utility’s improvements to infrastructure.BGE has some resources to help save money and learn about financial assistance.
If you’ve noticed your Baltimore Gas and Electric bill is higher this month, you are not alone.
The higher prices are part of the utility’s planned rate increases.
Maryland’s Public Service Commission approved the increase in 2023 as part of a multiyear plan.
According to the utility, the average household will see electricity bills rise by a little more than $1 per month.
Natural gas bills will be around $2.65 higher per month — contingent on usage.
The rate hike is the first of several planned increases. In February, electricity rates will increase by 72 cents on average, while gas prices will rise nearly $2.
The figures are the result of the Public Service Commission’s partial granting of the proposed BGE rate increase.
The prices will likely increase again in March after a ruling from the PSC.
BGE will be able to divide some of the costs from winter and summer usage onto fall and spring bills. The effort comes as households generally use less heat and AC in those seasons.
BGE said the higher rates are necessary to fund the utility’s improvements to infrastructure.
BGE has some resources to help save money and learn about financial assistance.