Six years ago, Maryland changed how some electric rates are set. It went poorly, officials say.

Maryland regulators are concerned about a rate-setting practice that let electric utilities project future spending and ask that customers' rates be set accordingly. But while they said the pilot program had failed, they aren’t ready to abandon it altogether.

By: Christine Condon

Outlets: Maryland Matters

Published: October 5, 2026

Words: 1,113

Last Updated: 1 week, 5 days ago

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Maryland regulators say they’re concerned about a rate-setting practice that electric utilities have been using in the state since 2020. But they aren’t ready to abandon it altogether.

The Maryland Public Service Commission ended a pilot program Thursday that had allowed utilities in the state to file “Multi-Year Rate Plans,” during which the companies could project their future spending on the electric system and ask that customers’ rates be increased accordingly.

The pilot program …

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