§ 7-709. Use of accumulated renewable energy credits
West's Annotated Code of MarylandPublic UtilitiesEffective: October 1, 2012
Effective: October 1, 2012
MD Code, Public Utilities, § 7-709
Formerly cited as MD PUBLIC UTIL COMP § 7-709
§ 7-709. Use of accumulated 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 kilowatts to meet the solar component of the Tier 1 renewable energy portfolio standard, the duration of the contract term for the solar renewable energy credits may not be less than 15 years.
(d)(1) Except as authorized under paragraph (2) of this subsection, a renewable energy credit shall exist for 3 years from the date created.
(e) Notwithstanding subsection (d)(2)(iii) of this section, and only if the demonstrated noncompliance does not result in environmental degradation, an electricity supplier that reasonably includes in its annual report under § 7-705 of this subtitle a renewable energy credit that is extinguished for noncompliance with § 7-704(f)(1) or (2) of this subtitle:
(f) The Commission by regulation shall establish requirements for documentation and verification of renewable energy credits by licensed electricity suppliers and other generators that create and receive credits for compliance with the standards for Tier 1 renewable sources and Tier 2 renewable sources.
Credits
Added by Acts 2004, c. 487, § 1, eff. July 1, 2004; Acts 2004, c. 488, § 1, eff. July 1, 2004. Amended by Acts 2007, c. 119, § 1, eff. Oct. 1, 2007; Acts 2007, c. 120, § 1, eff. Oct. 1, 2007; Acts 2012, c. 115, § 1, eff. Oct. 1, 2012.
MD Code, Public Utilities, § 7-709, MD PUBLIC UTIL § 7-709
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document |