Shop For Better Electricity Rates Than BGE
June saw the rollout of the latest Price to Compare (PTC) rates in the Baltimore Gas and Electric (BGE) area. But why settle for these PTC rates when choosing short term plans can save you money? Right now, BGE customers can lower their high electricity bills by switching to cheaper suppliers with plans that beat BGE.
BGE Cost Per kWh Hour
From June 1 to September 30, the PTC is 6.802 cents per kilowatt-hour (kWh). This will rise to 7.349 cents per kWh from October 1 to May 31, 2021. Maryland residents use an average of 1,005 kWh per month. So, from July to December, the average BGE customer can expect to pay about $426 in PTC supply charges.
Some customers don’t like long commitments. But while electricity prices are low today, the US Energy Information Administration (EIA) predicts that prices could rise by December. So if you’re unsure of choosing a long term plan now, a 6 month plan lets you sample an energy supplier’s service. Plus, you can save some money with a low fixed rate from these energy company plan offers.
Cheapest Supplier Cost Per kWh
Starion Energy offers the cheapest electric rates on this list with their Starion Secure 6 plan. The 6.49 cents per kWh rate means an average monthly supply charge of about $65 (or $391 for 6 months). That saves almost $35 compared to the PTC.
Starion Energy also has the cheapest green 5 month rates with their EcoGreen Secure 6 plan. The 6.79 cents per kWh rate means an average monthly supply charge of $68 (or $409 for 6 months). This saves customers about $17 for renewable energy compared to the BGE PTC.
These plans also grant access to the Starion Rewards program. This program offers discounts on shopping, travel, and dining. Subscribers will also have their choice of rebates or gift card rewards after 6 and 12 months of service.
Starion Energy’s terms of services explains that customers will receive a letter at least 45 days prior to the initial term’s end. This letter will explain that these plans renew to a month-by-month variable rate. So it’s best to follow the instructions in that letter to cancel without penalty, before the renewal.
Best Electric Rates And Customer Service
Constellation stands as the top-rated company for MD customers. You’ll see why if you check out their 6 Month Home Power Plan. The 6.69 cents per kWh rate equals an average 6 month supply cost of about $403. This saves you about $23 compared to the BGE PTC.
But Constellation doesn’t just sit on savings to attract and retain customers. The company offers an excellent refer-a-friend program that gives $50 gift cards to you and anyone you help sign up. The company also offers weekly usage emails to help you monitor your power usage.
Constellation’s terms of service offers several great benefits that compensate for the early termination fee. First, the company offers an incredible 90 day guarantee period where you can cancel without penalty. The terms of service also promise that the plan will only renew into a fixed-rate plan with clearly detailed rates.
Choosing the right per kWh rates
Maryland energy customers have options if they want to save money on electric plans compared to the BGE PTC. Starion Energy’s Starion Secure 6 and EcoGreen Secure 6 plans offer the cheapest standard and renewable energy plans. They also have a discount based rewards program. Meanwhile, Constellation’s 6 Month Home Power Plan is competitively priced and offers a host of customer friendly extras and programs.
Which supplier is right for you? That all depends on what plan fits your family’s needs. You can learn more about saving money and energy by comparing rates and plans at www.mdenergyratings.com.