Summary
Looking to control its power costs after price caps are lifted this summer, Maryland next week will auction to the lowest bidder the right to supply between $65 million and $70 million of electricity to the state government.
Electric price caps expire for most commercial users in the state on July 1. State government is following in the footsteps of several business groups that have pooled their electric needs in hopes of achieving lower bulk rates from suppliers.See the full content of this document
Extract
Md. To Auction Power Needs
It is an attempt by the state to get proactive and to mitigate the effect of deregulation and save the taxpayers money, said Michael Zimmerman, director of proc...
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