Maryland electric customers, both residential and business, are finding lower electric rates when they shop in the competitive market. Customers who are served by Baltimore Gas and Electric (BGE) and PEPCO are finding the greatest savings.
The exact rate and savings that you can find depend on your individual rate class by your utility and historic usage patterns, but most electricity customers in Maryland can save between 10-20%. As an example, current the current price to compare (default rate) for a BGE class G type 1 business customer is $0.1089 per kwh. We have found a 24 month fixed offer for such a customer at a rate of $0.092 per kwh, a 15 percent savings.
Most Maryland Utility companies, like BGE and PEPCO, offer consolidated billing options which means that customers will still receive their monthly electric bill from their same utility company if they choose to lock in a low fixed rate with a competitive electric supplier.
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