Customer bills will increase effective with usage starting on Feb. 1, 2022 and as authorized by the Maryland Public Service Commission will be partially reduced by certain tax benefits. With the rate adjustment and offsets approved by the PSC, the average residential electric bill will increase by $3.28 per month and the average residential natural gas bill will increase by $2.40 per month. See bge.com/myp for details.
For Immediate Release
Statement from BGE CEO Carim Khouzami:
"The PSC order is a good outcome for energy customers, accepting our proposal to hold bills flat in 2021, while still enabling significant investments in improving the safety and reliability of the natural gas and electric systems and the overall customer experience. These investments include hundreds of energy infrastructure projects and maintenance programs over the next several years that will have an estimated economic benefit of $15.3 billion for the local economy and will support more than 26,000 jobs. Holding bills flat next year and driving economic development and supporting critical infrastructure jobs will greatly assist with Maryland’s economic recovery efforts. At the same time, the region’s power grid and natural gas system will be stronger for it. We look forward to working with the PSC to ensure a successful implementation of Maryland’s first-ever multi-year plan.
"Additionally, we are announcing today that we are pledging $15 million to assist small businesses with COVID-19 relief and recovery. Starting in January 2021, eligible businesses located in BGE’s central Maryland service area can begin applying for BGE Energizing Small Business Grants of up to $20,000 each. This is in addition to BGE’s comprehensive efforts to support Marylanders during the COVID-19 pandemic that have included an additional $1.5 million contribution to the Fuel Fund of Maryland, $1 million in funding to county-administered business pandemic relief funds, expansion of BGE’s Workforce Collaborative infrastructure academy to train approximately 600 local residents for job placement over the next three years, and extending flexible payment arrangement plans to help qualifying customers to maintain their electric and gas service. BGE and the Exelon companies in Maryland directed $1.25 million to Maryland relief organizations, including the Maryland Food Bank, United Way of Central Maryland, PCs for People, and the Baltimore Community Foundation. The Energizing Small Business Grants program and all nonprofit contributions are made using shareholder dollars and are not reflected in customer bills."
BGE is Maryland's largest natural gas and electric utility, providing safe and reliable energy delivery to more than 1.3 million electric customers and more than 680,000 natural gas customers in central Maryland. The company was founded in 1816 as the nation's first gas utility and remains headquartered in Baltimore City to this day. BGE is a subsidiary of Exelon Corporation (Nasdaq: EXC), the nation's leading competitive energy provider. Engage with the latest BGE stories on
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