BGE asks PSC to approve residential/commercial rate increases

Baltimore Gas and Electric Co. is asking the Maryland Public Service Commission to approve rate increases for residential and commercial customers’ natural gas distribution and electricity usage that would raise the average residential electric bill by $6.57 per month, and by $8.53 per month for natural gas consumption.

The utility said natural gas and electricity supply prices have declined worldwide, and that the proposed increase is “more than offset” by a 13 percent decrease in BGE’s standard offer service for electric that took effect on June 1, which BGE said translates to a $12 savings on a total average residential electric customer’s bill.

BGE said customers who have had computerized “smart meters” installed can lower their bills through programs that provide credits for using less energy on certain days.

The utility said it expects a decision by the PSC in late January 2015.