BGE new standard rate to decrease bill by $54

Baltimore Gas and Electric's standard electricity price from June through May 2013 is expected to decrease customer bills by $54 on average for the year-long period, state energy regulators announced Monday.

The Maryland Public Service Commission last week accepted bids from BGE and other utilities in the state to supply electricity to residential and commercial customers.

On the residential side, utilities purchase electricity from wholesale suppliers under a twice-yearly competitive bidding process, which is overseen by the PSC.

BGE residential customers can buy BGE's standard utility service or purchase electricity from third-party suppliers.

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