BGE Customers Encouraged to Take Advantage of Shopping for Competitive Rates and Purchasing Power Supply from Third-Party Energy Suppliers to Potentially Lower Energy Bills
FOR IMMEDIATE RELEASE
BGE Customers Encouraged to Take Advantage of
Shopping for Competitive Rates and Purchasing Power
Supply from Third-Party Energy Suppliers to Potentially
Lower Energy Bills
More than 378,000 Electric Customers and 145,000 Natural Gas
Customers are participating in Energy Choice options
BALTIMORE, Feb. 6, 2013 – Baltimore Gas and Electric Company (BGE) <http://www.bge.com/Pages/default.aspx> today announced that its customers are taking an active role in managing their energy bills by shopping for competitive rates. More than 378,000 electric customers (30 percent) and 145,000 natural gas customers (22 percent) are currently purchasing their power supply from third-party suppliers <http://www.bge.com/myaccount/energysupplyoptions/choosingsupplier/pages/my-supplier-options.aspx> . These customers include both residential and business customers. Overall, about 50 percent of both the electric supply and the natural gas supply in BGE’s service area is provided by competitive retail suppliers.
“BGE customers continue to recognize that they have an opportunity to save money by purchasing their electricity and/or natural gas supply through competitive rates from third-party suppliers,” said Jeannette M. Mills, vice president and chief customer officer, BGE. “The number of licensed and registered suppliers <http://www.bge.com/myaccount/energysupplyoptions/choosingsupplier/pages/my-supplier-options.aspx> offering to sell to BGE customers continues to grow, providing opportunities for BGE customers to shop for an energy supply option that best meets their needs. The supply charge, which makes up nearly three-quarters of a customer’s bill, reflects the cost of electric and gas commodities. The prices associated with the supply portion of the bill are set by the global energy markets and not by BGE. Our customers’ bills are directly related to the amount of energy they use per month, and by educating our customers about their energy supply choices, we are working to help our customers become smart energy managers.”
BGE does not own electric generating plants or natural gas production facilities. BGE purchases natural gas and electricity in the competitive market and sells it to customers at a rate that is regulated by the Maryland Public Service Commission. BGE maintains a list of all gas and electricity suppliers <http://www.bge.com/myaccount/energysupplyoptions/choosingsupplier/pages/my-supplier-options.aspx> that provide energy to residential and business customers. All third-party suppliers providing service to BGE customers must be licensed by the Maryland Public Service Commission (PSC) <http://webapp.psc.state.md.us/Intranet/home.cfm> and must be registered with BGE. In addition, the PSC maintains a directory for natural gas <http://webapp.psc.state.md.us/intranet/supplierinfo/gassupplier_new.cfm> and electricity suppliers <http://webapp.psc.state.md.us/intranet/supplierinfo/electricsupplier_new.cfm> that have met PSC and BGE requirements to provide service in Maryland.
BGE provides information to customers to help them understand their gas and electricity supply choices. No matter which company customers choose to supply their gas and/or electric, BGE continues to deliver energy safely and reliably to customers’ homes and businesses. Regardless of supplier, BGE will continue to restore service during outages, and respond to natural gas odors and additional emergencies. For more information on Customer Choice <http://www.bge.com/smartenergy/pages/choice.aspx> visitbge.com.
BGE <http://www.bge.com/Pages/default.aspx> , headquartered in Baltimore, is Maryland’s largest gas and electric utility, delivering power to more than 1.2 million electric customers and more than 650,000 natural gas customers in central Maryland. The company’s approximately 3,400 employees are committed to the safe and reliable delivery of gas and electricity, as well as enhanced energy management, conservation, environmental stewardship and community assistance. BGE is a subsidiary of Exelon Corporation (NYSE: EXC), the nation’s leading competitive energy provider with approximately $33 billion in annual revenues. Like us on Facebook <http://www.facebook.com/myBGE> and follow us on Twitter <http://twitter.com/mybge> , YouTube <http://www.youtube.com/baltimoregaselectric> and Flickr <http://www.flickr.com/photos/mybge> .