Why are the Energy Saver Hot Water Heater Switch bill credits being reduced?

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Why are the Energy Saver Hot Water Heater Switch bill credits being reduced?

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The Legacy Energy Saver Hot Water Heater Switch program is being phased out and replaced with the new PeakRewardsâ„  Water Heater program. The new program will give you higher bill credits of $6.25 per month paid on your November, December, January and February bills, for a total of $25 each year you participate. Only BGE customers who have an electric water heater are eligible for the program. Tankless and gas hot water heaters are not eligible.