Section 7-704 – Renewable Energy Portfolio Standard — Eligibility for Inclusion in Meeting Standards
(a) (1) Energy from a Tier 1 renewable source: (i) is eligible for inclusion in meeting the renewable energy portfolio standard regardless of when the generating system or facility was placed in service; and (ii) may be applied to the percentage requirements of the standard for either Tier 1 renewable sources or Tier 2 renewable sources. (2) (i) Energy from a […]
Section 7-704.1 – Application for Offshore Wind Project
(a) (1) The General Assembly finds and declares that: (i) the development of offshore wind energy is important to the economic well–being of the State and the nation; and (ii) it is in the public interest of the State to facilitate the construction of at least 1,200 megawatts of Round 2 offshore wind projects in order to: 1. position the […]
Section 7-704.2 – Renewable Energy Portfolio Standard — Offshore Wind Energy Component
(a) (1) The Commission shall determine the offshore wind energy component of the renewable energy portfolio standard under § 7–703(b)(12) through (25) of this subtitle based on the projected annual creation of ORECs by qualified offshore wind projects. (2) The Commission shall establish the renewable energy portfolio standard obligation for ORECs on a forward–looking basis that includes a […]
Section 7-705 – Compliance; Failure to Comply
(a) Each electricity supplier shall submit a report to the Commission each year in a form and by a date specified by the Commission that: (1) (i) demonstrates that the electricity supplier has complied with the applicable renewable energy portfolio standard under § 7–703 of this subtitle and includes the submission of the required amount of renewable energy […]
Section 7-706 – Recovery of Costs or Compliance Fees; Waiver
(a) (1) Except as provided in paragraph (2) of this subsection, in accordance with the obligation to provide standard offer service through the bid process created under § 7–510 of this title, the Commission shall allow an electricity supplier to recover actual dollar–for–dollar costs incurred, including a compliance fee under § 7–705 of this subtitle, in complying […]
Section 7-708 – Renewable Electricity Trading System
(a) (1) The Commission shall establish and maintain a market-based renewable electricity trading system to facilitate the creation and transfer of renewable energy credits. (2) To the extent practicable, the trading system shall be consistent with and operate in conjunction with the trading system developed by PJM Interconnection, Inc., if available. (3) The Commission may contract with a for-profit […]
Section 7-709 – Renewable Energy Credits
(a) An electricity supplier may use accumulated renewable energy credits to meet the renewable energy portfolio standard, including credits created by a renewable on–site generator. (b) A renewable energy credit may be sold or otherwise transferred. (c) (1) (i) If an electricity supplier purchases solar renewable energy credits directly from a renewable on–site generator with a capacity that exceeds 10 […]
Section 7-710 – Administration Fee
The Commission may impose an administrative fee on a renewable energy credit transaction, but the amount of the fee may not exceed the Commission’s actual direct cost of processing the transaction.
Section 7-711 – Power to Investigate and Examine
(a) The Commission has the same power and authority with respect to an electricity supplier under this subtitle that the Commission has with respect to any public service company under this division for the purposes of investigating and examining the electricity supplier to determine compliance with this subtitle and with other applicable law. (b) (1) Beginning January 1, […]
Section 7-712 – Reporting
Subject to § 2–1257 of the State Government Article, on or before December 1 of each year the Commission shall report to the General Assembly on the status of implementation of this subtitle, including the availability of Tier 1 renewable sources, projects supported by the Fund, and other pertinent information.