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. Baltimore Gas & Electric's customers spend, on average, 17.97 cents per kilowatt hour for their electricity. Regrettably for their customers, this price is higher than both the Maryland and the United States average prices of 17.73 and 16.08 cents per kilowatt hour, respectively. Around 12,831,688 megawatt hours were sold by the company to retail accounts in 2023. The megawatt hours sourced by the supplier primarily came from megawatt hours that they purchased via wholesale channels. They purchased 14,641,949 wholesale megawatt hours. The total revenue for the company in 2023 from electricity sales 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 $147.61. This is 8.84% less than the state average of $159.99. 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.