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Small Commercial Customers Flocking Back to BGE for Supply; Residential Growth Steady
July 18, 2011
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Baltimore Gas & Electric saw nearly 5,000 Type I commercial customers leave competitive supply during the month of June 2011, according to the most recent PSC data.
The Maryland PSC has posted updated electric migration statistics for the months of May and June 2011. The stats may be accessed at the following links:
The most recently reported stats had been from April 2011. Matters' comparison of select statistics with the April 2011 data is available here (compares total accounts migrated as well as percent of accounts migrated).
Most notable is the sharp decline in Type I migration at BGE during the month of June, which was not seen in any other service area (which all gained in Type I migration).
Specifically, as of May 2011, Type I migration at BGE was 33,057 accounts. Type I migration at BGE fell to 28,382 accounts as of June 2011 -- a loss of 4,675 accounts.
The loss is not related to churn (disconnections, move-outs, etc.) across the distribution system, as BGE actually recorded a net gain of 125 new Type I distribution service accounts in the same period.
Indeed, this is reflected in the 5% drop in the percent of Type I distribution service accounts served by a competitive supplier -- 34.4% for May 2011, versus 29.5% in June 2011.
Effective June 1, the BGE Rate G Type I SOS rate fell to 9.682 cents per kWh from 10.134 cents; however, the "annual" weighted average price (starting June 1) reflected a steeper decrease from 10.89 cents to 8.899 cents.
Residential migration growth remains strong at both BGE and Pepco.
The monthly net growth in migrated residential accounts at BGE was 8,200 during June, and 6,300 during May. Residential migration growth at BGE for much of the year has been running in the 8,500-9,000 account range per month (see 6/8).
Pepco saw a net gain of 3,285 migrated residential accounts in June, and 1,852 accounts during May. Pepco has been averaging residential migration growth of about 2,000 accounts per month through most of the year.
Delmarva also saw monthly residential migration growth jump to 1,400 accounts during the month of June, versus growth of only 93 in May and 72 in April.
Residential migration has officially crossed 20% of accounts at BGE. Residential migration as a percent of accounts as of June 2011 was:
BGE: 20.8%
Delmarva: 8.8%
Pepco: 16.7%
Potomac Edison: 7.4%
Note that the PSC charts contain an apparent error in the aggregation of totals for the switches from/to a supplier chart; specifically, the totals for BGE and Pepco in Column I are each inverted (i.e. the total in Line 86 is actually totaling Line 87, and vice versa)
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