Plain Text Law

Regulation .04 Applicable Renewable Portfolio Standard.

Regulation .04 Applicable Renewable Portfolio Standard.Copy Citation

A.
The renewable energy portfolio standard applicable to a supplier for a given calendar year is provided under Public Utilities Article, §7-703, Annotated Code of Maryland.
B.
On or before April 1 of each year, a supplier shall:
(1)
Accumulate renewable energy credits from electricity generated before December 31 of the preceding calendar year equal to the percentage of credits from Tier 1 renewable sources and Tier 2 renewable sources required by §A of this regulation for that preceding year; or
(2)
Pay a compliance fee as specified under Public Utilities Article, §7-705, Annotated Code of Maryland.
C.
If appropriate, on or before April 1 of each year, a supplier shall pay the compliance fee required under §B(2) of this regulation to the Comptroller of the Treasury.
D.
Tier 1 Solar Compliance Schedule—Delay Request.
(1)
If a supplier's actual or projected dollar-for-dollar cost incurred or to be incurred solely for the purchase of Tier 1 solar RECs in any one year is either estimated to or actually does equal 1 percent of the supplier's total annual electricity sales revenue in Maryland, a supplier may request that the Commission:
(a)
Delay for 1 year each of the scheduled percentages for solar energy under Public Utilities Article, §7-703, Annotated Code of Maryland; and
(b)
Authorize the renewable energy portfolio standard for solar energy for that year to continue to apply to the electricity supplier for the following year.
(2)
A supplier shall file a request under §D(1) of this regulation on or before February 1 of the year following the compliance year.
(3)
A supplier request under §D(1) of this regulation shall contain the following information:
(a)
The actual or projected dollar-for-dollar cost for the purchase of a Tier 1 REC solar and the formula for calculating these figures;
(b)
The actual or projected total annual retail electricity sales revenue for the electricity supplier seeking the compliance fee schedule deferral and the formula used to calculate these figures; and
(c)
The supplier's total Maryland retail electricity sales.