BGE Residential Customers’ Winter Electric Bills 25 Percent Lower
March 22 2017 - 3:24PM
Business Wire
Reduced rates, energy conservation and mild
weather are leading to significant savings while electric service
reliability continues to improve for customers
Baltimore Gas and Electric Company (BGE) residential electric
customer bills were down 25 percent on average this winter compared
to winter bills from two years ago. This translates to an average
customer savings of $72 per month during this past winter.
Customers also used less electricity this winter through February
thanks to mild weather, participation in energy efficiency
programs, and by managing their energy use with detailed, real-time
information provided by smart meters.
Lower commodity prices, which are set by global markets, are
also a significant factor. In addition to the savings created by
efficiency and lower commodity costs, beginning this month BGE
residential electric customers’ bills also will be additionally
reduced by an average of $5.47 with BGE’s retirement of long-term
bonds used to fund past power purchase costs. The average BGE
residential customer’s total monthly bill remains lower than 2008
levels.
“Partnering with our customers so they can manage their monthly
usage to have greater control of the cost of their electric service
is a win-win. Lower usage contributes to lower bills and helps us
meet our efficiency goals while also benefiting the environment,”
said Rob Biagiotti, vice president and chief customer officer for
BGE. “At the same time, we are also investing more than ever in
equipment upgrades and maintenance to better serve our customers
with quality electric power and safe, reliable natural gas. This
has resulted in significant improvements in reliability for our
customers.”
In 2016, the average number of electric service interruptions
was the fourth lowest rate in BGE’s history, and when customers did
experience an outage, BGE restored power faster than ever before.
The average length of a service interruption has been reduced by 49
minutes over the last five years.
Customers can maximize their savings opportunities through BGE’s
Smart Energy Savers Program® at BGEsmartenergy.com which offers
rebates on efficiency measures and information on ways to reduce
energy use. Rebates and discounts on energy-saving products such as
appliances, HVAC systems and LED lightbulbs are available through
the program. Since its launch in 2009, customers have purchased
more than 25 million energy-saving LED and CFL light bulbs, saving
nearly $40 million at checkout with instant discounts and enough
electricity to light more than 117,000 homes for a year.
BGE customers have also scheduled more than 200,000 Quick Home
Energy Check-ups, which help identify solutions to save energy and
money. Through the Check-ups, customers have saved nearly 110,000
megawatt-hours of electricity. The BGE Smart Energy Savers Program
supports EmPOWER Maryland Energy Efficiency Act.
BGE, founded in 1816 as the nation’s first gas utility, is
Maryland’s largest natural gas and electric utility. Headquartered
in Baltimore, BGE delivers power to more than 1.25 million electric
customers and more than 650,000 natural gas customers in central
Maryland. The company’s approximately 3,200 employees are committed
to the safe and reliable delivery of natural gas and electricity,
as well as enhanced energy management, conservation, environmental
stewardship and community assistance. The company also has an
estimated annual economic impact of $5 billion of output in its
service area, supporting more than 9,500 local jobs and producing
$923 million in labor income. BGE is a subsidiary of Exelon
Corporation (NYSE: EXC), the nation’s leading competitive energy
provider. Like us on Facebook and follow us on Twitter, YouTube and
Flickr.
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version on businesswire.com: http://www.businesswire.com/news/home/20170322006202/en/
Baltimore Gas and Electric Company (BGE)Richard Yost,
richard.yost@bge.comBGE Media Hotline: 410-470-7433
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