The average BGE residential customer who purchases electricity from BGE will see a bill reduction of $11 a month starting June 1, 2018 due to the lowest electric commodity prices in a decade and distribution rate reductions spurred by federal tax reform.
“Customers are reaping the benefits of historic commodity prices and BGE’s innovative and effective efficiency programs. Customers have greater control over the cost of their electric service through managing their energy use, which lowers their bills and helps us meet our efficiency goals,” said Rodney Oddoye, vice president and chief customer officer for BGE. “Our customers are also experiencing the most reliable energy grid in our history. We’ve invested heavily in equipment upgrades and maintenance to better serve our customers with quality electric power and safe, reliable natural gas and it’s paying off.”
The average BGE residential customer’s total monthly bill remains lower than 2008 levels. In addition, customers who take advantage of BGE’s energy efficiency programs and who manage their energy use with real-time information provided by smart meters also use less electricity, save more on their bills.
Customers are also realizing the benefits of federal tax reductions that have resulted in monthly bills reductions amounting to $103 million in tax savings annually for all BGE customers.
BGE offers programs that can help customers save energy and money, especially during times of higher temperatures that often lead to higher energy usage. The BGE Smart Energy Savers Program® can help identify new ways to save energy, money and the environment. The program, which supports the EmPOWER Maryland Energy Efficiency Act, has provided $779 million in rebates to BGE customers and helped customers save more than 3.3 million megawatt-hours of electricity. EmPOWER Maryland programs are funded by a charge on your electric bill. EmPOWER programs can help you reduce your electricity consumption and save you money.