Energy Companies: Baltimore Residents Have a Choice
Baltimore residents get to enjoy the beautiful views of the Inner Harbor seaport and the amazing taste of blue crab all the time. Another benefit of living in Baltimore is the power to choose retail energy companies for electricity and natural gas supply. Since 2000, Maryland residents have been able to compare energy rates among supply companies and choose the plan that is most valuable for them.
Understanding Baltimore electricity utilities and suppliers
Baltimore electricity is distributed by your local utility. Baltimore Gas and Electric (BGE) is the electric utility for the Baltimore area. Although BGE may be your utility, consumers can choose an alternative company for their Baltimore electricity supply. These suppliers may offer competitive supply rates and packages for consumers.
When shopping for different energy supply companies, you will have lots of options and choices to make. Before choosing a contract, consider how long you will be living at your current address. If you have a short lease or plan to move soon, you may want to choose a short electricity contract. If you don't plan on moving for a long time, you might consider signing a longer contract with one of the Baltimore energy suppliers. Longer contracts may offer less flexibility, but longer price protection for your supply rate.
Baltimore energy suppliers: Know your options
The natural gas utility company for Baltimore residents is BGE. Similarly to electricity, natural gas supply is available through your utility or through a separate supply company. These third-party energy companies buy electricity and natural gas on behalf of customers. Baltimore electricity and natural gas supply companies offer a variety of plans to give consumers options. Since the utilities still own the power lines and pipelines, they remain responsible for the transmission of electricity. If there is a power outage or gas leak, contact your utility company as soon as possible.
Some suppliers offer secured-rate supply plans. With secured-rate plans, the rate per energy unit stays the same throughout your contract. Consumers may like the ability to protect their rate. Other Baltimore energy suppliers may have the option for a variable-rate supply plan. With variable-rate plans, the rate per energy unit can change along with the market price. If the market price decreases, your rate will also decrease. However, if the market price increases, your rate may increase as well.
BGE: Maryland's largest gas and electric utility
BGE is the oldest gas utility in the United States, founded in 1816. Now BGE is a subsidiary of Exelon Corporation. According to its website, BGE serves approximately 1.25 million electric customers and 650,000 natural gas customers. BGE aims to educate the public about gas and electric safety and ways to conserve energy through community outreach efforts.
Find a plan for you
Between trips to Orioles games and Ravens games, take the time to research energy companies for your ZIP code. You may find a new plan that works better for you than your current plan.