Bge (month-to-month, prices, bill)

[bande1102]

Does anyone get the PSC ruling regarding BGE? I missed part of it, but it looks like the 50% hike is approved and we have the option of a 20% phase in on June 1 and then another 20% in January 2008? So if you don't choose this, your rate goes up 50% in June?

[Njrover0216]

The way I understand it you have the option to phase it in or you can just take it all in stride. If you decide to phase in, then you will be repaying BGE for the next 10 year span. This past year they deferred your bill, that is already going to be figured into your bill. We had 800 dollars deferred, now we have to pay that back in the 10 year span. Which means in Jan you will be paying the full payment plus whatever you deferred the past 6 months, plus the past year, which will probably add about 15-30 dollars on your bill.

[hokiejane]

If you do nothing, your bill will go up approximately 50% in June.

The new deferral plan is as follows, and it is opt-in:

- Three steps to market rates on 1/1/08

- Repayment charge over twenty-one months

- No interest expense

- Exit fee if service is terminated before 12/31/09

For more info: http://www.bge.com/portal/site/bge/m...3ff10016176a0/

[hokiejane]

I haven't looked into any of these and am wondering if anyone has. Note that this information is about a year old at this point.

The power of choice: electricity options - baltimoresun.com

WASHINGTON GAS ENERGY SERVICES
Rates through June 2007: 10.72 cents summer; 10.21 cents nonsummer. Estimated monthly savings: $12 summer; $3 nonsummer.
Early cancellation fee: $75 or $50.

COMMERCE ENERGY
12-month contract rates: 10.4 cents. Estimated monthly savings: $15 summer; $1 winter.
Early termination fee: $75.
Starting variable rate: 10.1 cents but changes with the market. Estimated monthly savings: initially, $18 off BGE's standard summer rate, but you're not protected from month-to-month increases if the price of wholesale power goes up. Savings in nonsummer monthswould be less if the price stays the same.
Early termination fee: None.

OHMS ENERGY
Four-month contract rate: 9.91 cents. Estimated monthly savings: $20 summer; $6 nonsummer.
10-month contract rate: 10.10 cents. Estimated monthly savings: $18 summer; $4 nonsummer.
Early termination fee: $75.

PEPCO ENERGY SERVICES
Starting variable rate: 10.36 cents. Estimated monthly savings (assuming the price doesn't change): $15 summer; $2 nonsummer. As with Commerce Energy's variable product, Pepco makes you bear the risk that market prices could rise. (Or they could fall.) But unlike with Commerce Energy's variable product, Pepco makes you commit for 12 months. Pepco says its energy is 10 percent "green."
Early termination fee: $75.

MARYLAND ENERGY CONSORTIUM
Four-month contract rate: 10.04 cents.
Estimated monthly savings: $18 summer; $5 nonsummer. 10-month contract rate: 10.31 cents. Estimated monthly savings: $16 summer; $2 nonsummer.
Early termination fee: None.