Baltimoare Gas and Electric was founded in 1816 under the name The Gas Light Company of Baltimore. It has been providing services to central Maryland for over 200 years. The company delivers energy to more than 1.2 million business and residential customers in Baltimore as well as 650,000 natural gas customers across Maryland. The company also serves as a regulator, offering a low-risk gas distribution business for its customers. The company’s headquarters are located in Baltimore, Maryland.
The company offers a variety of services that meet the needs of its commercial, residential and industrial customers in the Maryland region. The company provides a range of services, including delivering goods via power lines, responding to emergencies, maintaining electric lines and equipment, and checking poles. In the past 10 years the company has invested over 2 billion dollars to improve its customer service offerings. The company also has created a diverse work environment which allows employees to learn and contribute.
The company also provides a free mobile app that both commercial and residential customers can use to manage their accounts and keep track of outages and restorations. Customers can avail a variety of self-service options which include a simple bill payment feature. In addition, the company provides online calculators for home energy and carbon monoxide safety tips.
The EVsmart program was also introduced by the company. It aims to change Maryland’s transportation system. This program encourages its residential customers to purchase zero-emission vehicles, like electric vehicles, to help meet the Healthy Chesapeake Bay goal of 300,000 zero-emission vehicles by 2025. As part of the program, BGE has installed 100 public chargers in central Maryland. Its Smart Energy Savers program has also provided customers with $570 million in rebates. The program is based on the company’s belief that efficiency is the most efficient method to meet energy needs.
The company has filed the company with a total increase in revenue of $140 million for electricity and gas for 2021-2023. This will impact the average residential customer. The average price of gas will rise by $2 while electricity will increase by $3. The Maryland Public Service Commission approved tax benefits in December 2021 to offset the increase.
The price of electricity is expected to increase by approximately 9.5 percent, which is a significant increase from last year’s rate. The total revenue requirement for gas will increase by about 21% over the previous year. The rate will be adjusted by purchased gas recovery and decoupling for residential sales.
If you aren’t satisfied with the costs that BGE has set for your utility bills you might be able find the best price on the market. There are several energy providers in the region that accept new customers and offering flexible payment plans.
MyRates is an online tool that lets you compare your monthly energy costs against the rates paid by other customers to find the most cost-effective rate for your household. The tool is available for both residential and business accounts. You can enter your energy usage as well as billing information to view an estimate of your annual expenses.