Electric Companies – Environmental Surcharges or Fees – Prohibition on Collection

HB 967 prohibits Maryland electric companies from collecting certain environmental surcharges or fees during the year following any year when residential electricity bills rise faster than the Consumer Price Index (CPI) for urban consumers. It directly affects residential electricity customers by preventing additional charges if their bills outpace general inflation. The bill requires the Public Service Commission to annually calculate the annual growth in both the CPI and average residential electricity bills (using data ending June 30) and to block environmental fees if bill growth exceeds CPI growth. This applies to most environmental fees but excludes three specific fee types listed in the bill.