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- Maryland_Electric_Deregulation abstract "Maryland Electric Deregulation is the result of a bill passed in 1999 by the Maryland General Assembly. This bill changed the entire face of the Maryland utility industry.The past several years have seen a flurry of changes in the energy industry in Maryland. In 1999, the Maryland General Assembly, under pressure from state manufacturers, enacted legislation that would cause the electric industry in Maryland to become deregulated. This bill, the Electric Customer Choice and Competition Act of 1999, was passed though the Maryland General Assembly with many Democratic and every Republican legislator's support. The bill was signed into law by Democratic Governor Parris Glendening who was not in favor of deregulation, but was threatened with an override if he opted to veto. Prior to this legislation, the local electric utility was in charge of procuring and delivering power to the people in their service territory. Under the new legislation, the consumer could choose to continue purchasing power from the local utility (known as Standard Offer Service (SOS) or Provider of Last Resort (POLR)) or to purchase power from an electric retail supplier. The local utility would still be responsible for the delivery of the power.As of 2012, Maryland residents had the 15th highest electricity rates in the United States and average monthly residential electric bills in Maryland were the 4th highest in the nation. According to the Maryland Public Service Commission, Maryland considered deregulating “to put downward pressure on costs, thus providing consumers with the lowest possible prices for electricity, to allow all customers to choose their power supplier, to provide incentives for the creation and development of innovative products and services." The Maryland General Assembly placed several stipulations in the legislation designed to foster competition and maintain a level playing field between the retail suppliers and the local utilities. First, the utility would be required to eliminate their generation plants, either through sale or through transfer to a non-regulated business unit. This would force both the suppliers and the utility to use the wholesale energy market to procure power. Baltimore Gas and Electric Company (BGE) chose to transfer its generation to Constellation Generation Group. Both BGE and Constellation Generation Group are subsidiaries of Constellation Energy.Second, customers would be forced to stay on POLR rates for a number of years. During this time, POLR rates would remain frozen at a certain rate. This frozen rate was set between 3% and 7.5% lower than 1999 prices. Some companies, like BGE, had not increased their electricity rates since 1993. Therefore, in this period, customers would be paying less than for electricity than they had six years prior. Once that time was over, customers could shop for a different supplier and POLR rates would change from the capped rate to the market rate. The amount of time that rates would be frozen varied by company and by customer class (residential, commercial, industrial, etc.). Over a period of 6 years, various customers’ rates became unfrozen without incident. In 2007, however, that changed.In 2007, one of Maryland’s largest groups, BGE’s customers, was slated to move to market rates. Enormous rate increases in the wholesale electricity industry at that time meant that, while their rates would become comparable to other Maryland utilities, BGE customers would have their rates increased by 72%. This increase, greater than any other utility and coupled with election year politics, created a huge outcry.".
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- Maryland_Electric_Deregulation wikiPageRevisionID "601943930".
- Maryland_Electric_Deregulation wikiPageWikiLink Category:1999_in_Maryland.
- Maryland_Electric_Deregulation wikiPageWikiLink Category:Maryland_law.
- Maryland_Electric_Deregulation wikiPageWikiLink Category:Politics_of_Maryland.
- Maryland_Electric_Deregulation wikiPageWikiLink Constellation_Energy.
- Maryland_Electric_Deregulation wikiPageWikiLink Deregulation.
- Maryland_Electric_Deregulation wikiPageWikiLink Energy.
- Maryland_Electric_Deregulation wikiPageWikiLink Hurricane_Katrina.
- Maryland_Electric_Deregulation wikiPageWikiLink Hurricane_Rita.
- Maryland_Electric_Deregulation wikiPageWikiLink Maryland.
- Maryland_Electric_Deregulation wikiPageWikiLink Maryland_General_Assembly.
- Maryland_Electric_Deregulation wikiPageWikiLink Maryland_Public_Service_Commission.
- Maryland_Electric_Deregulation wikiPageWikiLink Natural_gas.
- Maryland_Electric_Deregulation wikiPageWikiLink Parris_Glendening.
- Maryland_Electric_Deregulation wikiPageWikiLink Perfect_storm.
- Maryland_Electric_Deregulation wikiPageWikiLink United_States.
- Maryland_Electric_Deregulation wikiPageWikiLinkText "Electric Customer Choice and Competition Act of 1999".
- Maryland_Electric_Deregulation wikiPageWikiLinkText "Maryland".
- Maryland_Electric_Deregulation wikiPageWikiLinkText "deregulated the electricity industry".
- Maryland_Electric_Deregulation wikiPageWikiLinkText "deregulating the electricity industry".
- Maryland_Electric_Deregulation wikiPageWikiLinkText "deregulation of the electric market in Maryland".
- Maryland_Electric_Deregulation wikiPageWikiLinkText "electric deregulation".
- Maryland_Electric_Deregulation wikiPageWikiLinkText "restructuring of the electricity generating industry in Maryland".
- Maryland_Electric_Deregulation hasPhotoCollection Maryland_Electric_Deregulation.
- Maryland_Electric_Deregulation wikiPageUsesTemplate Template:Reflist.
- Maryland_Electric_Deregulation wikiPageUsesTemplate Template:Unreferencedsection.
- Maryland_Electric_Deregulation subject Category:1999_in_Maryland.
- Maryland_Electric_Deregulation subject Category:Maryland_law.
- Maryland_Electric_Deregulation subject Category:Politics_of_Maryland.
- Maryland_Electric_Deregulation hypernym Result.
- Maryland_Electric_Deregulation type Article.
- Maryland_Electric_Deregulation type Article.
- Maryland_Electric_Deregulation comment "Maryland Electric Deregulation is the result of a bill passed in 1999 by the Maryland General Assembly. This bill changed the entire face of the Maryland utility industry.The past several years have seen a flurry of changes in the energy industry in Maryland. In 1999, the Maryland General Assembly, under pressure from state manufacturers, enacted legislation that would cause the electric industry in Maryland to become deregulated.".
- Maryland_Electric_Deregulation label "Maryland Electric Deregulation".
- Maryland_Electric_Deregulation sameAs m.03chw8l.
- Maryland_Electric_Deregulation sameAs Q6781318.
- Maryland_Electric_Deregulation sameAs Q6781318.
- Maryland_Electric_Deregulation wasDerivedFrom Maryland_Electric_Deregulation?oldid=601943930.
- Maryland_Electric_Deregulation isPrimaryTopicOf Maryland_Electric_Deregulation.