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Session Laws, 2007
Volume 803, Page 1140   View pdf image
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Ch. 120 2007 Laws of Maryland
(vii) the projected receipts of the fund in the
current calendar year; and (viii) plans for the use of resources of the fund in
the current calendar year. 7-709. (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 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. (II) Subject to subparagraph (iv) of this paragraph, the 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. (III) The Commission shall set a maximum price for a
solar renewable energy credit each year by taking into consideration the market prices for solar renewable energy credits
in all the states that are within the PJM Region. (IV) A solar renewable energy credit may not be
sold for more than the maximum price established by the commission
in accordance with subparagraph (III) of this paragraph. (2) an electricity supplier that purchases solar
renewable energy credits from a renewable on site generator with a
capacity not exceeding 10 kilowatts shall pay the on site generator
THE maximum price established each year by the commission under
paragraph (1)(iii) of this subsection. (2) (I) An electricity supplier that purchases solar renewable energy credits from a renewable on-site generator with a
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Session Laws, 2007
Volume 803, Page 1140   View pdf image
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