Compare Energy Rates in Baltimore
Energy customers in Baltimore are discovering that they now have choices when it comes to who supplies them with their electricity. Energy shopping has been increasing for customers who receive their power from the utility BG&E, which includes the city of Baltimore.
Until recently, people living in Baltimore were forced to use BG&E as their energy supplier. The competitive electricity market in Maryland has changed the role of BG&E from a regulated electricity generator and delivery company to just a regulated electricity delivery company. The business of BG&E in Baltimore is only to deliver the power and maintain the transmission and distribution lines and wires. Their revenues are derived from these delivery charges that remain regulated by the state of Maryland. BG&E also continues to deliver the monthly electric bill to residential customers even after an alternative energy company is chosen.
Baltimore electricity users who have not shopped for the best energy rates pay a generation default rate with BG&E. The default rates are a result of competitive wholesale electricity companies bidding in an auction, regulated by the state of Maryland, for the right to service default paying customers. Even though default customers pay the generation rates to BG&E, that money gets transferred to the winning bidders. Customers who have not shopped for competitive electricity are still buying their power from alternative energy companies through the default rate.
If you are looking to compare energy rates in Baltimore, and your number one concern is saving money or paying the least amount of money on your electric bill, then your only concern should be finding the lowest electricity price. Other factors that might play a role are length of contract, fixed or variable pricing, termination fees, green energy sources, and customer service reputation.
The following are a list of the best energy rates in Baltimore (updated daily):