§ 7-705. Reports to Commission and compliance fees
West's Annotated Code of MarylandPublic UtilitiesEffective: October 1, 2022
Effective: October 1, 2022
MD Code, Public Utilities, § 7-705
Formerly cited as MD PUBLIC UTIL COMP § 7-705
§ 7-705. Reports to Commission and compliance fees
(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:
(2) documents the level of participation of minority business enterprises and minorities in the activities that support the creation of renewable energy credits used to satisfy the standard under § 7-703 of this subtitle, including development, installation, and operation of generating facilities that create credits.
(b)(1) This subsection does not apply to a shortfall from the required Tier 1 renewable sources that is to be derived from post-2022 geothermal systems.
(3) For industrial process load, the compliance fee for each kilowatt-hour of shortfall from required Tier 1 renewable sources is nothing for the year following any year during which, after final calculations, the net rate impact per megawatt-hour from Round 1 offshore wind projects exceeded $1.65 in 2012 dollars.
(b-1) If an electricity supplier fails to comply with the renewable energy portfolio standard that is required to be derived from post-2022 geothermal systems for the applicable year, the electricity supplier shall pay into the Maryland Strategic Energy Investment Fund established under § 9-20B-05 of the State Government Article a compliance fee of the following amounts for each kilowatt-hour of shortfall from required post-2022 geothermal systems:
(c) The Commission may allow an electricity supplier to submit the report required under § 7-505(b)(4) of this title to demonstrate compliance with the renewable energy portfolio standard.
(d) An aggregator or broker who assists an electricity customer in purchasing electricity but who does not supply the electricity or take title to or ownership of the electricity may require the electricity supplier who supplies the electricity to demonstrate compliance with this subtitle.
(e)(1) Notwithstanding the requirements of § 7-703(b) of this subtitle, if the actual or projected dollar-for-dollar cost incurred or to be incurred by an electricity supplier solely for the purchase of Tier 1 renewable energy credits derived from solar energy in any 1 year is greater than or equal to, or is anticipated to be greater than or equal to, 6.0% of the electricity supplier's total annual electricity sales revenues in Maryland, the electricity supplier may request that the Commission:
(i) the renewable energy portfolio standard for solar energy applicable to the electricity supplier under the delay continues for each subsequent consecutive year that the actual or projected dollar-for-dollar costs incurred, or to be incurred, by the electricity supplier solely for the purchase of solar renewable energy credits is greater than or equal to, or is anticipated to be greater than or equal to, 6.0% of the electricity supplier's total annual retail electricity sales revenues in Maryland; and
(ii) the renewable energy portfolio standard for solar energy applicable to the electricity supplier under the delay is increased to the next scheduled percentage increase under § 7-703(b) of this subtitle for each year in which the actual or projected dollar-for-dollar costs incurred, or to be incurred, by the electricity supplier solely for the purchase of solar renewable energy credits is less than, or is anticipated to be less than, 6.0% of the electricity supplier's total annual retail electricity sales revenues in Maryland.
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. 5, § 7, eff. March 22, 2007; Acts 2007, c. 119, § 1, eff. Oct. 1, 2007; Acts 2007, c. 120, § 1, eff. Oct. 1, 2007; Acts 2008, c. 125, § 2, eff. Jan. 1, 2011; Acts 2008, c. 126, § 2, eff. Jan. 1, 2011; Acts 2008, c. 127, § 1, eff. June 1, 2008; Acts 2008, c. 128, § 1, eff. June 1, 2008; Acts 2010, c. 494, § 1, eff. Jan. 1, 2011; Acts 2013, c. 3, § 1, eff. June 1, 2013; Act 2017, c. 1, § 1, eff. March. 4, 2017; Acts 2017, c. 2, § 1, eff. March 9, 2017; Acts 2019, c. 757, § 1, eff. Oct. 1, 2019; Acts 2021, c. 164, § 1, eff. Oct. 1, 2021; Acts 2021, c. 673, § 1, eff. June 1, 2021; Acts 2022, c. 135, § 1, eff. April 12, 2022; Acts 2022, c. 578, § 1, eff. Oct. 1, 2022.
MD Code, Public Utilities, § 7-705, MD PUBLIC UTIL § 7-705
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.
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