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PSC Opens Rulemaking To Address All Aspects Of Retail Green Power Under New Law, Including Price Caps
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The Maryland PSC has opened a new rulemaking, RM 84, to address all aspects of § 7-707, the new retail green electricity laws under SB 1.
As previously reported, PSC Staff had sought the creation of a rulemaking related to green power under SB1. While not explicitly proposing a limit to the scope of the rulemaking, Staff's rulemaking request, in discussing new requirements under SB 1, only cited Section 7-707(g) of SB 1, generally relating to green power disclosure rules.
As previously reported, SB1 also includes various provisions concerning the price charged by retail electric suppliers for green power, including the creation of a standard price for green power that is to be set by the PSC to serve as a price cap, as well as the ability for retail suppliers to seek approval for a specific green power rate above such price cap
Staff's recent request for a rulemaking did not specifically cite or seek to address these green power pricing provisions
However, in addressing Staff's request for a rulemaking, the PSC ordered the initiation of a rulemaking to address "all aspects" of Public Utilities Article (PUA), Annotated Code of Maryland, § 7-707
§ 7-707 generally includes most of SB1's new provisions concerning green electricity, including the PSC-determined price cap and ability for suppliers to petition for an alternative price as described above
The PSC directed Staff to consult with stakeholders and to submit proposed rule revisions by September 9, 2024.
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July 17, 2024
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Copyright 2024 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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