Electric Rates Soaring in Area

Electric prices are going up significantly in pares of central Maryland as two large local utility companies are raising rates.

These two companies service the Baltimore metro area, the Maryland suburbs of Washington, DC and some surrounding rural counties.

• Baltimore Gas and Electric Co. is raising rates by 72%* (yellow on map)
  
• PEPCO is raising rates by 38.5%* (green on map)
  

*Customers will have some choice how the increased rates are implemented.

See this Washington Post article. For example in a townhouse (1800 sq. feet) I share with a few friends (we rent) we pay on average 200$ a month for electricity (we use electric for heat and AC). With the 38.5% increase we are facing 280$ average monthly electric bills. Or almost an extra $1000 dollars a year.

People are hurting due to the increased costs. The great American consumer squeeze is accelerating.