The Maryland Public Service Commission began hearings yesterday in a case that consumer groups hope will lead to changes in how electric utilities buy power from wholesale suppliers, resulting in more stable rates for customers in years to come.
The sweeping review of deregulation rules was demanded by lawmakers who were trying to deal with a 72 percent rate increase for customers of Baltimore Gas and Electric Co. last summer.
Critics say regulations that in some years require utilities to buy 100 percent of their power supply over a three-month period put customers at risk for price spikes.