“Customers have benefited from stable, capped electric rates since October 1999. During that time, the costs of fuels used to generate electricity have risen significantly ? leading to the significant increases reflected in the new ? rates.”

Sound familiar? If you live in Maryland and are a BGE customer, you?ve probably read or heard a similar explanation more than a dozen times: Electricity rates have been capped at artificially “low” prices for years. Deregulation is just a painful adjustment to the real costs of energy. And now that the price of fuel has gone up, you, the electric customer, will be sharing the pain.