Utility To Lower Default Service Rates Due To Federal Tax Cuts
So, the tax cut you heard about is lowering electric rates.
Baltimore Gas and Electric filed to lower its electric rate by 15%. This is due to their corporate tax rate decreasing from 35% to 21%. No word on if salaries are increasing for their employees. This will undoubtedly be a trend for utilities.
Remember, a utility is a monopoly and they can only earn their guaranteed rate of return; any surplus has to be refunded to customers.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Realgy owns and operates 6 solar plants in Illinois and is looking to invest in additional locations.
Additional Information:
http://www.energychoicematters.com/stories/20180116b.html