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.
BGE's multi-year customer relief and energy infrastructure investment plan is designed to aid in the region's recovery from the COVID-19 pandemic while continuing to improve the energy delivery systems serving 1.3 million electric customers and more than 680,000 natural gas customers in central Maryland.
The plan details how BGE will make significant investments in the electric grid and natural gas system over the next several years. BGE filed the plan for review with the Maryland Public Service Commission in May 2020 and the Commission approved the plan with modifications in December 2020.
Customer bills will increase effective with usage starting on February 1, 2022. More information on the new multi-year plan rates resulting from the Commission's December 2020 order is available here.
Our energy infrastructure investment plan includes hundreds of projects and maintenance programs to improve the reliability and safety of the energy delivery service we provide customers—powering a smarter, stronger, cleaner energy future. That means:
Our three-year plan is contributing to our region’s economic recovery from the COVID-19 pandemic. Here's how:
In conjunction with our three-year plan, we're doing more to ensure our communities have the resources to serve those most in need. This includes:
Our nonprofit contributions are made using shareholder dollars and are not reflected in customer bills.
BGE’s energy infrastructure plan was filed under the
multi-year plan pilot announced by the Maryland Public Service Commission in February 2020. Prior to the pilot, utilities were allowed to seek recovery of investments only after those investments were made, and regulators authorized future rates using those historical costs. Multi-year plans give regulators the opportunity to review and approve planned utility investments and corresponding requests for rate changes
in advance—a forward-looking approach to authorizing new rates, giving customers more certainty about future changes in their gas and electric bill.