Baltimore Gas & Electric

About Baltimore Gas & Electric

Baltimore Gas & Electric is an investor owned company headquartered in Baltimore, Maryland and supplying power to customers in Maryland. The company last disclosed a total of 3,692 industrial customers, 73,183 commercial customers and 1,045,569 residential customer accounts. This is the entirety of their customers. Baltimore Gas & Electric averages 18.19 cents per kilowatt hour charged to their customers for residential electricity , which is more than both the Maryland and the nationwide average rates of 18.10 and 16.22 cents per kilowatt hour, respectively. A total of 12,831,688 megawatt hours were sold to retail customers in 2023 by the supplier. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 14,641,949 megawatt hours purchased by the company. Their revenue for 2023 from electricity related activities was $3,086,009,400, with $2,123,619,700 from retail sales to end users.

Patrons of the company pay an average monthly residential electricity bill of $168.64. This is 0.76% more than the state average of $167.55. The provider's customers have an average of 0.7 electrical outages per consumer per year. These outages go on for an average of 60.44 minutes, while the national average is 1.44 outages per consumer and 123.49 minutes an outage. The company currently does not generate any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices and then resell it to end consumers.