Your rates have increased only one percent since January 2001 …

• Legislation and regulatory actions passed in 1999 brought electric deregulation to Maryland.
• Since January 2001, rate caps have kept residential customers’ bills below market levels; however, the cost of providing the service has increased dramatically.
• Click here to see a chart listing Maryland residential electric rates.

The cost of fuel has gone up …

• Since 2001, the cost of the principal fuels used to generate electricity – coal and gas – has increased by about 40 to 70 percent.
• Absent rate caps, customers’ rates would have changed periodically to reflect the true cost of providing electric service.

Rate caps are expiring …

• The rate caps that have kept your electric bill artificially low are expiring on December 31, 2008.  After this date, residential customer rates are scheduled to go to market-based pricing.
• Market-based pricing could result in a significant rate increase, due to the rise in fuel costs and the market price of power during the rate cap period.

Click here to see a comparison of the costs of consumer goods compared to electricity.