Baltimore Power Bills to Jump 11% Next Year as Costs Soar (1)

Baltimore-area homeowners will likely see electric utility bills climb 11% starting mid-2025 after the cost of procuring supplies soared to an all-time high in a grid auction last month.

The average bill will jump by about $18 a month in Exelon Corp.’s Baltimore Gas & Electric utility territory for the 12 months beginning June 2025 based on early estimates, the utility’s chief executive Carim Khouzami said in an interview. The increase is the direct result of a regional grid auction that set payouts to power plants serving BGE customers at $466.35 per megawatt-day compared to $73 per megawatt-day for ...