Maryland’s deregulated energy market, in which third-party electricity and gas suppliers compete with the big utilities, isn’t delivering on promises from 1999 to lower utility rates. In fact, it’s led the roughly one-in-five Maryland households that have switched to third-party suppliers to overpay by a combined $255 million from 2014 to 2017, while allowing companies to take advantage of low-income customers with marketing tactics, according to a new Abell Foundation report.
What happens when water and sewer rates are too high for at least a third of households to afford their monthly bills? Presently, Baltimore’s solution is to keep hiking the rates. This isn’t going to work out, says one economist.
For what it’s worth, every one of Baltimore’s council members supports significantly boosting Maryland’s reliance on renewable energy in the next 13 years.