October 27th, 2016 by WCBC Radio

The Maryland Public Service Commission, in Order No. 87833, has accepted semi-annual Standard Offer Service (SOS) bids for residential and small/medium commercial electricity customers served by Delmarva Power and Light (DPL), Baltimore Gas and Electric (BGE), Potomac Electric Power Company (Pepco) and Potomac Edison (PE). The interim bill impact estimates, for the approximately 75% of residential customers using SOS service to purchase their electric supply, show an average annual decrease of $123 (-7.3%) for DPL, $103 (-6.5%) for Pepco, $85 (-4.6%) for BGE and an increase of $25 (1.7%) for PE for rates starting in June 2017. 2017-18 bill impacts will be finalized after the April 2017 bid cycle.

 

At the October 20, 2016 hearing for Cases 9056 and 9064, the Commission heard testimony from the Staff and consultants on the impact on customer bills and the competitiveness of the bids after the SOS bidding held on October 17. These bid results cover the period from June 2017 through May 2018. At the same hearing, quarterly bids for mid- and large-sized commercial customers for the same utilities were also accepted. Commercial rates will impact bills in December 2016.