Does anyone know when BGE will collect the full %100 percent of the rate
increase that went into effect in July? Currently they are collecting %15
of the increase as directed by the state of Maryland.
I'd assume if you call the info number on your billing, they'll be
happy to tell you or the state corporation commission undoubtedly would
tell you the status of any directives they've given if that's the
holdup...or quite possibly a search either or both locations' web sites
might well provide the info directly.
Looks like beginning in July they'll add the full fuel surcharge and
phase in some others -- there's a set of links there explaining options
and law requirements...took about a minute to type in www.bge.com and
follow the link "energy legislation"...
Good point about how easy it is to find the info at BGE's website, but
I'm afraid you're off by a year on your answer. The page you referenced
was from last Spring - the rate hike began July 1, 2006
and you're already seeing some of the effects, though much apparently
is being deferred. To answer kevinyates' original question:
"What the new law does, however, is require BGE to cap the increase in
electric bills to approximately 15 percent for 11 months for all of its
residential electric customers. Market prices will phase in at the
customer's option, between June 2007 and January 2008, under a
timetable and plan to be determined by the Public Service Commission."
Which raises another question: if you've been receiving credits since
July 2006 and move out of BGE's service area before June 2007 or so, do
you escape having to pay what BGE deferred, or do they hit you with it
on your last bill?
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