Get Ready For BGE Rate Hike
We’re less than a month away from the end to the BGE summer SOS rates. And that means BGE customers will have to pay more if they don’t shop now while rates are low. The reason is you can save if you shop now for better electricity rates. So, let’s see what plans to shop that beat the BGE SOS rate hike.
Check Out New BGE SOS Rate
Right now, BGE customers are paying 9.983 cents per kilowatt-hour (kWh). Assuming the MD average energy usage is 973 kWh per month, we estimate that BGE SOS customers were paying about $97 a month in supply charges. But on October 1, the BGE will rise to 11.781 cents per kWh (about 17% more). That means your bill could rise to $114 a month in supply charges. If you want to save money, then you need to shop for a new rate now!
Shop Cheapest Energy Rate
Shoppers looking for the cheapest rates my discover the Direct Energy Live Brighter 12 plan. The 9.89 cents per kWh rate means an average monthly supply charge of about $96. This means paying about $18 less after the BGE rate hike. In addition, our readers rank Direct Energy in the top ten for best customer service experiences. On top of this, customers could save on shopping and dining with the Direct Energy Rewards program.
You might also discover the Xoom Energy SureLock 12 plan. They charge 10.29 cents per kWh. This averages to monthly supply charges of about $100 (or $14 less than BGE per month). This energy company adds value by offering shopping, dining, and travel discounts through the Xoom Energy Rewards program.
Shop Best Energy Company Rate
On the other hand, you might be looking for excellent customer service and promotions. You might then come across the Constellation 12 Month Home Power Plan. Their 10.49 cents per kWh means an average monthly supply charge of about $102. This saves you about $12 per month compared to the new SOS rate. In addition, Constellation sends out regular energy usage emails to help with your energy saving goals. And, they are the best rated energy company according to reader reviews.
You might also discover the Energy Harbor Safe Harbor 12 plan. This plan charges a 10.89 cents per kWh rate. This rate means monthly supply charges of about $105, saving you nearly $10 per month after the rate hike. The main draw is that Energy Harbor gives clean carbon-free power to your home. Best of all, they provide the second best customer service experience in MD, including beating most competitors in plans and promotions.
Choose Best Energy Rates Next Month
The BGE rate hike is right around the corner. So time is running out to shop for better energy rates. But BGE customers like you have plenty of great options that will save you money. And you can shop the cheapest rates in town at https://www.mdenergyratings.com. You can also find tips and tricks to help shave down your electricity bills.