BGE's Proposed Multi-Year Rate Plan

Each time a regulated utility company wants to increase the price it charges for distributing electricity or natural gas, the company files an application with the Public Service Commission (PSC). In February 2023, BGE filed an application for its second multi-year rate plan. The multi-year plan requests PSC approval of a series of rate increases over three years, from 2024-2026.

Compared to a standard rate case, a multi-year rate plan fundamentally changes how rates are set. In a multi-year rate case, rates are based on projected spending, with little accountability.

Multi-year rate cases have significant customer impacts. Among their many other differences from standard rate cases, they allow utilities to charge customers for the costs of projects before those projects are used to serve customers.

See below for more information on the significant customer impacts of Baltimore Gas & Electric’s first multi-year rate plan and to learn how its proposed second multi-year rate plan would impact your gas and electric bills.

OPC Consumer Guide:

A Consumer’s Guide To: BGE’s Proposed Multi-Year Rate Plan (6/20/2023)

Give your input at a public comment hearing:

Click here to find out when and where you can give your input to the Public Service Commission

OPC Press Releases:

Public Service Commission Grants People's Counsel Request to Strike Electrification Plan From Rate Case (8/10/2023)

BGE Proposal to Electrify Homes Has No Place in BGE’s Rate Case, People’s Counsel Tells Public Service Commission (6/20/2023)

BGE’s Rate Plan Would Lead to Massive Customer Rate Increases, OPC Consumer Guide Shows (6/20/2023)

News Coverage:

BGE’s proposed rate increase would be difficult burden for many, say customers, officials and advocates (2/24/2023, Baltimore Sun)

Proposed new BGE rate would increase average customer monthly bills by $31 after three years (2/21/2023, Baltimore Sun)

BGE proposes gas, electric rate hikes starting in 2024 (2/17/2023, Baltimore Business Journal)