| From 1980 – 2022, electric companies raised their rates an average of 6% per year. Experts say they expect that to continue in the future, although recent price hikes have been far greater! | |||||||
| Date | Electric Company | Raise in Electric Rate | |||||
| December 1, 2023 | BGE | Customers experienced an 18% increase in electric rates (price increased from 9.983 cents per kWh to 11.761 cents). | |||||
| July, 2023 | Potomac Edison | Filed to increase the average customers’ bill by 10% in order to raise an additional $50,000,000 in capital. | |||||
| 4Q 2023 | PEPCO | Announced steep price hikes for residential customers in Maryland that will cause electric bills to increase by over 25% in the coming months. | |||||
| Jan 2023 – Dec 2023 | Delmarva | Increased their rates 26% on their Maryland residential customer. | |||||
| June, 2023 | First Energy | Increased their rates a whopping 91%! | |||||
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