Get out your old utility bills. You have electricity choice now. If you have not chosen an electricity suppplier, you are overpaying for electricity by at least 30%! All you need is your acct number.
For those in Maryland, switching to Washington Gas and Electric will save you a lot of money. Currently, their lowest kWh rate is 9 cents/ kWh, before the standard fees. BGE is currently 10.1 cents, before fees. The average US household uses 740 kWh/ month. Full disclosure...that bill would make me pass out! But the average household would save $8.14/month. That is $97.68/ year found! This savings will be even more in the summer, when Bge's rates spike. This past summer, it was 12.7 cents/kWh.
If you are locked into a plan that is much higher, you may consider switching to a different plan. Usually the cancellation rate is $7/ month counting back from the contact cancellation date.
I pay extra for wind credit power, which right now will cost you 11.3 cents/ kWh. Overall, this is still cheaper than BGE for my family as we use most of our electric in the summer. Luckily we have solar now, otherwise I would look at my 11.7 locked in rate and decide if it made sense to switch.
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