Pepco Maryland Residential Rates Going Up
April 26, 2010
Pepco Maryland has just come out with its residential pricing for the summer, through the end of September. And guess what? Just as the heat and humidity around here are guaranteed to skyrocket, your electricity rates from Pepco are headed up as well.
Right now, Pepco is still in Winter-rate mode. That changes, though, on June 1st. Ready for the news? Here's the skinny:
Rate Schedule "R"
¹Listed price is guaranteed for one year. Two- and three-year guarantees are available for 9.60¢ per kWh.
You can download the actual rate schedule here.
I need to point out that the new rate reflects the actual Generation plus Transmission rates, as opposed to the "Price to Compare" that you see on your bills, and that we use here at EA. The Price to Compare is the average cost per kilowatt-hour (kWh) for Generation and Transmission service, based on your rate classification. Pepco (and other utilities) provides this number as a public service to you, the customer.*
So when you're comparing the above numbers directly with our figures, the percentages won't be the same as when we pit our rates against the Price to Compare number. But here's the good news -- we're still less.
There's a third part of your bill, called Delivery, that we do not handle. This is what Pepco charges to deliver your electricity to your home or business. This is what also enables Pepco (and other utilities) to service your lines, and to respond to your emergency calls -- among other things.
With rates on the rise, we recommend that residential customers make the choice to lower their rates, through EA. You can start right here. Just have a copy of your bill or your account number ready. The process is very easy, and takes only about 5 minutes of your time.
Remember -- another hot summer is on its way. Don't compound your rise in electricity usage with higher rates. That's a formula that can be deadly to your pocketbook.
And Montgomery County residents ... don't forget that your county leaders want to hike your energy taxes. So mitigate that potential rise by choosing to lower your rates -- today!
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*Computing the Cost to Compare figure involves using the Zodiac, the atomic weights of several elements in the Periodic Table, the ratio of salt water to fresh water found on Earth, and the batting average of Derek Jeter and Manny Ramirez.
Seriously, though, there is a real formula that goes into computing the Price to Compare. Pepco provides it at this page. I don't feel like I'm qualified to copy-and-paste it, much less actually try to use it. Heck, I only figured out just last week how to put simple formulas into Excel spreadsheets.
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