What is the difference between fixed and variable rate plans?
A fixed rate plan provides you with stability and peace of mind. Utility rates are variable rates that can change periodically. A fixed rate product may be higher or lower than utility rates, but, unlike utility rates, a fixed rate product will not change during the life of your contract. You are protected against unexpected and costly price increases and have greater control over the cost of your energy.
Unlike a fixed rate, a variable rate plan fluctuates monthly and does not protect you against price volatility. This may be higher or lower than the utility rate.
Maryland Variable Customers
Your service will automatically continue on a month-to-month basis where you will pay a variable price per kWh/therm. Your billed rate will be the effective rate at the time in which your meter is read.* All rates are subject to change on a monthly basis. Future rates will be updated at least 12 days before becoming effective.
*For BG&E Natural Gas Customers only, your billed rate may be prorated between the effective rates of two months, depending on the time in which your meter is read.
Switch to a Fixed Rate Plan