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Martin O'Malley, Governor
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Ch. 119
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(VIII) PLANS FOR THE USE OF RESOURCES OF THE FUND IN
THE CURRENT CALENDAR YEAR.
7-708.
(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.
(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 transer of renewable
energy credits.
(2) (i) The registry shall provide current information to electricity
suppliers and the public on the statue of renewable energy credits created, sold, or
transferred in the State.
(ii) Registry information shall be available by computer network
access through the Internet.
7-709.
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- 1117-
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