in News Departments > Policy Watch
print the content item

Gov. Martin O'Malley, D-Md., has introduced legislation that will apply a "rational re-regulation" policy for energy markets in Maryland moving forward. The legislation will call for re-regulation of electricity markets in the state when the Public Service Commission (PSC) deems it is in the best interest of consumers.

If the legislation passes, the PSC would make decisions regarding electricity supply instead of energy companies and would determine when new energy generation is needed - rather than relying on energy markets to make the determination - which should allow for more development of renewable energy in the state.

"The promise of deregulation - that the free market would drive energy prices down through competition - has failed the people of Maryland," says Malcolm Woolf, director of the Maryland Energy Administration. "Taking control of the decision-making process will ensure that these important matters will be decided in the best interest of consumers."

However, O'Malley stressed the prohibitive cost and risk to taxpayers of returning to full, retrospective re-regulation. The immediate cost of buying back the energy plants from private utilities would be passed on to consumers, thus increasing utility bills.

In addition, $1.5 billion of the $2 billion settlement won by the state from Constellation Energy would be lost, since returning Constellation's nuclear power plants would return to ratepayers the cost of decommissioning them. Buying back these plants could also jeopardize the development of Calvert Cliffs 3 and the thousands of jobs it will create.

SOURCE: Office of Gov. Martin O'Malley


Trachte Inc._id1770
Latest Top Stories

Alberta Breaks Wind Power Record, Then Does It Again

Last week, the Alberta Electric System Operator recorded new wind production peaks in the Canadian province - highlighting how well the grid integrated the renewable energy.


Federal Appeals Court Finds Obama's Wind Farm Decision Unconstitutional

A federal appeals court ruled that the U.S. government violated the constitutional rights of Chinese-owned Ralls Corp. when ordering the divestment of four Oregon wind farms.


Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.

Renewable NRG_id1934
Canwea_id1984
Navigant_id1983