Group decries utility regulatorsÂ’ cap on rates
So says a group of commercial and industrial electric customers that challenged state utility regulators, who approved a cap on rates for 17,000 Maryland businesses May 29.
The Maryland Public Service Commission is requiring many of the state's small commercial customers to transition to a new utility rate by June. That transition, combined with rising energy costs, could levy a 40 percent increase in electric rates on businesses in service areas for Baltimore Gas & Electric, Delmarva Power & Light Co., and Allegheny Power.
The PSC is capping the increase at 15 percent for the companies from June to August. To help fund the rate cap, the PSC will require all commercial and industrial electric customers to pay an increase in distribution rates, a roughly 1 percent to 3 percent increase in their overall electric bills, during that time.
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Egypt, Eni ink MoU on hydrogen production projects
CAIRO - The Egyptian Electricity Holding Company (EEHC) and the Egyptian Natural Gas Holding Company (EGAS) signed a memorandum of understanding (MoU) with the Italian energy giant Eni to assess the technical and commercial feasibility of green and blue hydrogen production projects in Egypt.
Under the MoU, a study will be conducted to assess joint projects for the production of green hydrogen using electricity generated from renewable energy and blue hydrogen using the storage of CO2 in depleted natural gas fields, according to a statement by the Ministry of Petroleum on Thursday.
The study will also estimate the potential local market consumption…
