BGE Customers to Receive $100 Rate Credit
The credit will be automatically applied to most residential bills by the end May.
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All Baltimore Gas and Electric (BGE) residential customers will see a $100 credit on their accounts in May, thanks to the approval of the March merger between Constellation Energy and Exelon.
Residential customers receiving electric and/or gas services from BGE with active accounts as of May 1, 2012 will be eligible for the credit. If a customer’s bill is less than $100, the charge will be carried over to future bills until the credit has been exhausted. Customers who leave the service area before they receive the full credit will not be eligible for a cash refund for any unused portions.
“Our customers do not need to take any action to receive the rate credit,” said Jeannette M. Mills, vice president and chief customer officer for BGE in a statement. BGE will automatically apply the credit to accounts of eligible customers, and most refunds should be received by the end of May, she said.
Customers can find "Exelon Rate Credit" in the “Summary” section of their BGE bill. For more information on the rate credit, customers can visit www.bge.com.
Molly
10:15 am on Tuesday, April 24, 2012
Well, under the cost recovery mechanism proposed by BGE, the monthly customer surcharge would be 38 % monthly for electric only customers and 44 % per month for gas only customers in the first year of implementation, and the customer cost would increase slightly over time as benefits also ramp up. Thus, over the life of the program, the monthly surcharge would average approximately $1.24 and $1.52, respectively, for residential electric and gas customers, and would be reduced based on the award of a DOE grant. Hope this will not make the customers use <a href="http://cashadvancesus.com/direct-cash-advance-online/">direct cash advance</a> to pay the bills. However, customer savings from the reduced energy and operating costs are expected to be several times greater than the amount of the surcharge.