BGE Rate Increase 2021
Annapolis customers have been enjoying cheap electricity rates. But BGE customers are looking at a rate hike that’s only a few months away. But smart energy shopping can save you money. Get the best electricity deal in Annapolis and avoid High MD electricity bills
Compare BGE Rates per kWh
Smart energy shoppers always start by checking out their local utility rates. Currently, BGE charges a Standard Offer Service (SOS) rate of 7.663 cents per kilowatt-hour (kWh). This rate will rise to 8.410 cents per kWh on October 1. An estimated average monthly bill report shows Marylanders use about 975 kWh per month. So BGE customers are spending about $74 for their supply charge. That amount rises to an $82 supply charge in October.
Now compare the BGE rate with the three cheap electricity plans below.
Cheapest MD Electricity Rates
NRG Home has the cheapest electricity deal available in Annapolis. Their Electric Choice Plan 3 Month plan charges only 6.90 cents per kWh. This rate means an average monthly supply charge of about $67. In addition to the cheap cost, NRG Home also offers $50 cash back after two months. Also, the plan doesn’t charge an early termination fee. Customers should cancel or switch before the plan automatically renews. The contract summary calls this an introductory rate. It will renew into a variable month-to-month rate.
Best Green Electricity in Annapolis
For customers demanding renewable energy, Tomorrow Energy offers the cheapest option. Their 12 Month Fixed plan charges only 7.77 cents per kWh. This rate means an average monthly supply charge of about $75. In addition to providing renewable power, Tomorrow Energy will plant a tree every three months for each of its customers. They are also among the top three best rated energy companies in MD for customer service. However, as your contract expires, be ready to shop rates and switch. That’s because the plan will renew into a variable month-to-month rate.
Best long-term rates per kWh
Energy Harbor is an excellent company to explore if you don’t like shopping for energy. The Safe Harbor 36 plan charges a rate of 8.49 cents per kWh. This rate means an average monthly supply charge of about $82. If you make the switch in October, then your monthly rates won’t change much. But customers will get to enjoy Energy Harbor’s customer service, which is ranked second in MD.
Best of all, Energy Harbor doesn’t charge an early termination fee. So you can shop and switch to a better electricity deal at no cost.
Choosing Best Electricity Deal
Like you, many Annapolis customers are shopping now for better rates to avoid BGE’s October rate hike. Choosing the best option for you depends on what matters most to you. NRG Home’s Electric Choice Plan 3 Month plan is best if you want to save money now. But if you’re switching in October, then Tomorrow Energy’s 12 Month Fixed plan could be the best overall deal.
You can learn more about saving money and energy by comparing rates, plans, and provider reviews at www.mdenergyratings.com.