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§ 7-708. Renewable electricity trading system

West's Annotated Code of MarylandPublic Utilities

West's Annotated Code of Maryland
Public Utilities (Refs & Annos)
Division I. Public Services and Utilities [Titles 1-15] (Refs & Annos)
Title 7. Gas, Electric, and Water Companies (Refs & Annos)
Subtitle 7. Renewable Energy Portfolio Standard (Refs & Annos)
MD Code, Public Utilities, § 7-708
Formerly cited as MD PUBLIC UTIL COMP § 7-708
§ 7-708. Renewable electricity trading system
Currentness
In general
(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 or a nonprofit entity to assist in the administration of the electricity trading system required under paragraph (1) of this subsection.
System requirements
(b)(1) The system shall include a registry of pertinent information regarding all:
(i) available renewable energy credits; and
(ii) renewable energy credit transactions among electricity suppliers in the State, including:
1. the creation and application of renewable energy credits;
2. the number of renewable energy credits sold or transferred; and
3. the price paid for the sale or transfer of renewable energy credits.
(2)(i) The registry shall provide current information to electricity suppliers and the public on the status of renewable energy credits created, sold, or transferred in the State.
(ii) Registry information shall be available by computer network access through the Internet.

Credits

Added by Acts 2004, c. 487, § 1, eff. July 1, 2004; Acts 2004, c. 488, § 1, eff. July 1, 2004.
MD Code, Public Utilities, § 7-708, MD PUBLIC UTIL § 7-708
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