There is a request by Baltimore Gas & Electric & Exelon to the Public Service Commission [PSC] to approve a rate increase by 8.3 percent in 2023.
Let it be known that I am 100 percent against this request and I wrote a letter to the Public Service Commission asking them to deny the rate increase proposal by BGE.
Times are tough for everyone and this is NOT the time for a rate increase.
Yes, I understand rates will be frozen the next two years and won’t increase until 2023, but we don’t know how long the economic downfall from this pandemic will last.
That is why I am urged the PSC to not consider any rate increases with our current financial situation. Hopefully our economy recovers quickly, but our economic landscape could remain dire as we move in 2022, 2023 and beyond. We should not even consider raising rates until we are out of this pandemic.
Families are struggling right now. It is hard to consider an increase while many ratepayers are still out of work and can barely put food on the table.
We do not want a repeat of the early 2000s when the state was blindsided by high rate increases as a result of deregulation. We must make sure our state is ready to handle an increase and right now we are far from that time period.
The PSC is going to announce its decision on Dec. 16. I hope they move in the right direction.