Baltimore Gas & Electric files new SOS electricity rates

Baltimore Gas & Electric has filed with the Maryland PSC new SOS rates for the period October 1, 2013 to May 31, 2014 for residential and Type I customers, and the period June 1, 2013 to August 31, 2013 for Type II customers.

The BGE generation rate, excluding transmission and Rider 8 (reconciliation) will be as follows, in cents per kWh:

Sched. G - Type II SOS, 6/1/13 - 8/31/13
   9.181

Sched. GS - Type II SOS, 6/1/13 - 8/31/13
On-Peak        13.322
Inter.-Peak     8.290
Off-Peak        6.709

Scheds. GL, P & T - Type II SOS, 6/1/13 - 8/31/13
On-Peak        12.849
Inter.-Peak     7.932
Off-Peak        6.656
Schedule R, 10/1/13 - 5/31/14 8.924 Schedule RL, 10/1/13 - 5/31/14 On-Peak 11.014 Inter.-Peak 9.884 Off-Peak 7.624 Scheds. G/GU - Type I SOS, 10/1/13 - 5/31/14 8.101 Sched. GS - Type I SOS, 10/1/13 - 5/31/14 On-Peak 9.961 Inter.-Peak 8.942 Off-Peak 6.974

Duke Energy Ohio Intends to Increase Distribution Rates for Early 2013

Yesterday, Duke Energy Ohio has filed a notice with the Public Utilities Commission of Ohio (PUCO) with the company’s intention to increase distribution rates for electric service customers by $86 million and natural gas customers by $44 million.

The decision will be made at a hearing this mid-July, and if approved commercial and industrial customers will see an average price increase of 4.6% for electricity and 3.7% for natural gas.  These prices are to be in effect starting early 2013.  The increase in distribution rates will accommodate for the company’s recent investments in projects to improve the reliability of the distribution system and generation processes.

Duke officials said that even if this testimony is approved by PUCO, on average consumers would still be paying less for their electricity and natural gas.  This is due to the pressure of the market causing a trend of lower market prices.

Judie Janson, Duke Energy Ohio president, went on to add that Duke customers would even remain among the lowest paying customers in the state.  As of this writing, prices from a variety of Better Cost Control competitive suppliers in Ohio are lower than the prices that will be offered by Duke Energy.  We recommend using an electricity broker to obtain the best prices and contract terms.

To learn more about a fixed price electricity contract to protect your company from price fluctuations, contact us via email or call 800-454-0027 x150.

Nstar and National Grid to lower electricity rates for basic service

Massachusetts electricity ratepayers could soon see their electricity bills shrink as the lowest natural gas prices in over ten years make it cheaper to produce power.

Nearly 60 percent of the state’s electricity is generated by gas-fired power plants, and utilities – which have been paying less to buy that power – are passing the savings on to consumers.

NStar, now a subsidiary of Northeast Utilities of Boston and Hartford, asked state regulators on Monday to approve a nearly 16 percent cut in power rates for its 1.1 million electricity customers. That would bring the charge to its lowest in eight years.

Last week, National Grid, the state’s second largest utility, lowered its electricity supply charge by nearly 19 percent.

Both Nstar and National Grid typically provide prices for a period of  six months for fixed price customers (NStar: Jan to June and then July – Dec. National Grid: May – October and November – April). Industrial customer basic service prices are fixed for only three months.

The fixed prices that utilities contract with suppliers are based on auctions prior to the start date of the new fixed prices, in the same way that you, the commercial customer, contracts electricity.  When the utility fixed price offer expires, the new price will be based on market conditions at that time, which we forecast will be higher, since natural gas prices have come off of their lows.  Our recommendation is to contract for an eighteen month period at present, even if that price is slightly higher than what the utility standard offer is.  While the initial price might be higher, you will save when the present basic service price period ends, having locked in a fixed price for a longer period. Averaging those savings against the short-term price difference will protect you from price increases and control your energy budget.  Contact us for more information about controlling your electricity costs.

New AEP Ohio rate plan addresses concerns

American Electric Power says a rate proposal the company is submitting to state regulators eliminates several charges that delivered high bills to business, churches and schools.

The company will present the plan Friday to replace the one that was  rejected last month by the state Public Utilities Commission. It calls for larger business customers paying more and restores a discount for all-electric homes.

Small business rates would increase 2 to 5%.

The earlier plan had been approved by the Utilities Commission and went into effect in January. But commissioners revoked the plan after complaints.  Also at issue has been the fee the Columbus-based AEP can charge customers and competitors when users switch to another electricity provider.

National Grid seeks 5.7% rate increase for Rhode Island

PROVIDENCE, R.I. (AP) — National Grid officials say a 5.7 percent increase to Rhode Island’s electricity rates is needed because of the rising costs of transmission and meeting state renewable energy mandates.

The power company has submitted a rate increase proposal to the state Public Utilities Commission, which is set to review the plans March 27 and 28. National Grid wants the new rates to take effect on April 1.

National Grid spokesman David Graves says costs are increasing for renewable energy certificates, which the company must buy under state law to show that renewable resources were used to generate a certain amount of electricity.