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Session Laws, 2007
Volume 803, Page 1118   View pdf image
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Ch. 119
2007 Laws of Maryland
(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 electric company electricity supplier
purchases tier 3 SOLAR renewable energy credits directly from a
renewable on-site generator to meet the SOLAR COMPONENT OF THE Tier 3 1 renewable energy portfolio standard, the duration of the contract term for the TIER 3 SOLAR renewable source energy
credits may not be less than 15 years. (II) THE MINIMUM REQUIRED TERM UNDER SUBPARAGRAPH
(I) OF THIS PARAGRAPH DOES NOT AFFECT THE ABILITY OF THE PARTIES TO
NEGOTIATE A PRICE FOR A SOLAR RENEWABLE ENERGY CREDIT THAT VARIES
OVER TIME IN ANY MANNER. (2) (I) an electricity supplier that purchases TIER 3
SOLAR renewable energy credits from a renewable on-site
generator with a capacity not exceeding 10 kilowatts shall
purchase the credits with a single initial payment representing the
full estimated production of the system for the life of the
contract. (II) The Commission shall: 1. determine the rate for a payment made to
the renewable on-site generator under subparagraph (i) of this
paragraph; and 2. 1. develop a method for estimating annual
production from the type of system described in subparagraph (i) of
this paragraph and allocating the TIER 3 renewable energy credits
to the electricity supplier in a manner that is consistent with A
minimum 15 year production period THE DURATION OF THE CONTRACT;
AND
2. DETERMINE THE RATE FOR A PAYMENT MADE TO A
RENEWABLE ON-SITE GENERATOR UNDER SUBPARAGRAPH (l) OF THIS
PARAGRAPH.
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Session Laws, 2007
Volume 803, Page 1118   View pdf image
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