Dec 9, 2019
The state of Maryland claims to protect utility customers with its Public Service Commission (PSC).
The PSC just brought suit against three gas and electric suppliers for scamming customers. These three suppliers are accused of using pressure tactics and fraud against utility customers, and in addition, 130 customers brought complaints of identity theft to the PSC. No doubt these three suppliers will soon be gone.
But the problem lies elsewhere. Maryland officials deregulated utilities some 20 years ago, like most states. They claimed that competition would drive down gas and electric prices. It was a lie then and it has been a lie ever since.
The Baltimore Gas and Electric Company, delivering gas and electricity to 650,000 homes and buildings, charges high fees for delivery no matter who supplies the gas or electricity. Over time, despite a “low” introductory rate from suppliers, none can lower the bills very much.
These suppliers—and BGE, a subsidiary of Exelon Corp.—form not to save customers money, but to part customers from their money!