BGE Confirms Type I, Residential Price Comparisons for

Baltimore Gas & Electric confirmed that prices posted on its website are actual rates which will be used in its electric supply price comparison information, minus the Energy Cost Adjustment (Rider 8), for residential and Type I SOS customers for the period June 1, 2011 through September 30, 2011.

As noted by Matters (11/8), the rates were soon posted after the recent SOS procurement filled supplies for small volume SOS customers for this period. However, BGE did not immediately file a tariff supplement reflecting the underlying base generation rates for these customer classes, (as it did for Type II rates effective December 1, 2010), and thus Matters sought confirmation that the posted rates were actual rates based on all necessary procurements before publicizing them.

The supply price comparison information for residential and Type I rate classes is as follows (includes generation and current transmission rates, excludes Energy Cost Adjustment). These rates are the rates customers may bypass by electing competitive supply (excluding the Energy Cost Adjustment).

June 1, 2011 though September 30, 2011
Rate Class Bypassable Comparison Price
R 9.960¢/kWh
RL (TOU) 9.854¢/kWh
G Type I SOS 9.565¢/kWh
GS (TOU) Type I SOS 9.378¢/kWh

Note that transmission rates often change annually effective in June or July (most recently, June 1, 2010), with a filing in the spring of the new bypassable transmission rates.

Additionally, with the new comparison information, BGE has updated its weighted average supply price through Sep. 30, 2011, which is increasingly being used as a benchmark in marketing materials from competitive suppliers. Unlike the bypassable price comparisons listed above, the weighted average supply price does not represent a rate that customers will actually bypass, but rather is intended to give an annual average of the all-in supply price (minus the Energy Cost Adjustment)

Rate Class BGE Weighted Average Supply Price
through Sep. 30, 2011
R 10.038¢/kWh
RL (TOU) 9.953¢/kWh
G Type I SOS 9.940¢/kWh
GS (TOU) Type I SOS 9.906¢/kWh

BGE has also posted the generation-only (no transmission or Energy Cost Adjustment) rates for residential and Type I customers for the period June 1, 2011 through September 30, 2011. These generation rates lack shaping information for some time of use classes, which will be determined in December.