The PeakRewards℠ Electric Water Heater program is designed to help ease the “peak” demand for electricity. Peak demand typically occurs on weekdays between 6 a.m. and 9 a.m. and 6 p.m. and 9 p.m. during the winter and between noon and 8 p.m. during the summer. The PeakRewards program is a part of the BGE Smart Energy Savers Program®, which helps conserve energy, save you money, and protects the environment. By joining the PeakRewards Electric Water Heater program, you will receive between $25 to $50 in bill credits (November through February). With PeakRewards, saving energy and money is not only smart, it’s easy.
How does it work?
As a PeakRewards customer with an electric water heater, you agree to have a switch installed that will enable BGE to turn off electricity to your water heater during designated periods of peak electric demand. This is called cycling. Cycling reduces the peak demand for electricity, helps to maintain reliable electric service and keeps down the cost of electricity.
**A customer moving into a home with an existing PeakRewards device will receive ongoing bill credits, if they continue to participate in the program, but will not receive the first-year matching bonus. The first-year matching bonus credits are only intended for the initial customer enrollment and device installation.
What are the benefits?
Savings - You will receive $25 in annual BGE bill credits, paid in four equal monthly installments of $6.25 from November through February. You’ll also receive matching first-year bonus credits, doubling your credits during your first year of participation.
More savings - Enroll in the PeakRewards Air Conditioning & Electric Water Heater programs and receive eight months of bill credits. Plus, receive matching bonus credits for your first year of participation for a savings of up to $250!
Upgraded Technology - If you are an Energy Saver Switch Water Heater Program participant, you can update your device to an electric water heater switch to receive more savings and override options with the Electric Water Heater program.
Installation - A PeakRewards electric water heater switch will be professionally installed in your home at no additional cost to you.
Options - You can choose to override your participation in two non-emergency cycling events from October through May. You can schedule overrides in advance or on the day of a non-emergency event.
Stay Connected - Sign up to receive notification texts and emails at the start and end of every cycling event at BGEsavings.com/PeakNotifications.
Choose to be part of the solution.
By participating in PeakRewards, you are taking a smart and easy step to:
- Ease the burden on our existing electricity delivery system and reduce the need for additional power plants
- Protect our environment by lowering power plant emissions to reduce our carbon footprint
- Support the state’s EmPOWER Maryland goals
How do I sign up?
It's easy! Simply click here and fill out our online enrollment form.