BALTIMORE — A rate hike could be in the near future for BGE customers.
On Friday, the utility company filed a request with the Maryland Public Service Commission (PSC) seeking approval to increase natural gas and electric rates across its Central Maryland Service Area.
BGE is asking for $133 million which they say is needed to invest in its energy delivery systems.
In order to pay for it, BGE is proposing average increases of $3.74 for electric-only customers, $5.27 for gas-only customers, and $8.53 for combined gas and electric residential customer's.
If approved, the rate increase would be the first since 2015.
“While we know that any proposed increase may be a challenge for some of our customers, we also know that our customers value the high level of service that they have come to expect and deserve, which only comes from continuing the significant investments that we are making in our energy delivery systems,” said Calvin G. Butler Jr., chief executive officer of BGE.
The PSC is expected to decide on the proposed rates in December.