March 11, 2009

In 1999, Maryland deregulated electric rates. A growing number of voices feel it was a mistake that’s created profit monopolies for our largest power providers and tangled up our energy needs in big business politics. The result? Basic utilities have become a financial burden for many members of our community.

The idea behind deregulation was to encourage exactly the opposite: allowing companies to compete for customers was supposed to drive down prices. What happened, and what do we do now?

Today’s panel included:

The telephone number for the Office of External Relationships, which Doug mentions as a resource for people who’ve seen extreme rate hikes, is 410-767-8028.

For more information on the initiative to re-instate regulation of electric rates, please visit Re Reg Electric Rates.