Power prices are rising and poised to rise further in the wholesale power market, known as PJM, that includes Maryland, with a vigorous debate over the root causes. As a result of this shift in the wholesale market, the Office of People’s Counsel is forecasting a nearly 20% retail bill increase for Baltimore customers next year. This projection assumes that these wholesale prices will more or less automatically pass through to retail customers.
For decades, Maryland gave consumers an electricity choice; changing that was a mistake
October 7, 2024