Posted on 07/03/25
| News Source: FOX45
Baltimore, MD - July 3, 2025 - As Marylanders grapple with soaring utility bills during the peak of summer, Governor Wes Moore has pledged to provide relief through legislative measures and new initiatives.
In an online video, Moore acknowledged the financial strain on residents, stating, "Everyday I hear from Marylanders about how their energy bills are sky high."
Moore highlighted the signing of the Next Generation Energy Act, which aims to modernize the state's energy infrastructure and increase in-state energy generation. The act redirects $200 million from a state fund back to ratepayers. However, critics argue that the financial impact will be minimal. "It's a 40-dollar check sometime this year and another 40-dollar check sometime next winter," said State Senator Chris West.
Additionally, Moore announced the launch of the Consumer Relief Fund, designed to assist limited and middle-income ratepayers. The fund, sourced from power companies like Exelon, BGE, Pepco, and Delmarva Power, totals $19 million. Despite this, West criticized the initiative, saying, "It's less than a drop in a bucket. It's tiny."
West emphasized the need for new power-generating facilities to address the state's energy crisis, noting that 40% of Maryland's power is currently imported. "We are closing down our electrical generating facilities and when you close off supply what happens...prices go up and then there's not enough electricity even at higher prices and we go dark. And that's what's going to happen," he warned.
For now, Marylanders can expect modest financial relief and a commitment from the governor. "We’re going to keep making progress to lower costs for you," Moore said. However, the state's failure to produce sufficient electricity remains a pressing issue, contributing to higher power costs compared to neighboring states.