There is nothing dishonest about my post.Originally posted by: JD50
Since I am from MD I can answer your second question, which is very dishonest to say the least. BGE customers are now paying market rates, the price was held down well below market rates for about 10 years due to the regulation and the ineptitude of the Maryland legislature.Originally posted by: Lothar
Why don't you ask the people of Texas?
Texans are paying 19-25% more for electricity than the national average and the price of electricity is expected to rise by 24% this time next year.
Power costs have climbed more than 80 percent since the retail electricity market was deregulated in 2002 by Gov. Rick Perry.
Why don't you ask the people of Baltimore, MD who almost got a 72% rate hike in Summer '06 from BGE?
The deregulation passed by Parris Glendening's administration, including all republicans and a majority of dems in the legislature was supposed to lower prices by increasing competition.
Instead it increased prices absurdly, because BGE is pretty much a monopoly.
The entire purpose of deregulation is to "reduce prices by increasing competition", not "force citizens to pay market rates".
That was how the bill was advertised and paraded around in the legislature.
If they said "pay market prices" from the very beginning, I won't have a problem with it.