Maryland SB841 establishes a Maryland Strategic Energy Investment Fund to support renewable energy projects and provides refunds to residential.
Maryland SB841 creates a Maryland Strategic Energy Investment Fund to implement the Strategic Energy Investment Program. The fund will use compliance fees from the Public Utilities Article to support renewable energy projects and provide refunds to residential customers. The Maryland Energy Administration, in consultation with the Public Service Commission, will conduct annual, competitive, low-bid auctions for renewable energy generation projects. The auctions will use a transparent methodology to determine capacity targets.
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