Md. Code Regs. 20.61.06.07 - Offshore Wind Energy Component of Renewable Energy Portfolio Standard
A. The Commission
shall establish the offshore wind energy RPS under Public Utilities Article,
§
7-703(b),
Annotated Code of Maryland, and that determination:
(1) Shall be based on projected annual
creation of ORECs by qualified offshore wind projects; and
(2) Shall be made on a forward-looking basis
at least three years in advance. If the Commission issues additional OREC
orders, it shall at such time adjust the offshore wind energy RPS, on a forward
looking basis at least three years in advance, taking into account the number
of ORECs projected to be generated by all projects. In establishing the
offshore wind energy RPS, the Commission shall include a surplus determined by
it in its discretion, to accommodate reasonable forecasting errors in
estimating overall electricity sales in the State.
B. Subject to §C of this regulation, the
Commission, in its discretion, may adjust the offshore wind energy RPS in a
given year to accommodate a shortfall of ORECs in one or more earlier years
that is the result of the variation between the quantity of ORECs calculated
from the offshore wind energy RPS and the quantity of ORECs approved by OREC
orders for the same period.
C. Any
positive adjustments, or negative adjustments arising as a result of the
application of §B of this regulation, to the offshore wind energy RPS
shall be on a forward-looking basis and shall be determined at least three
years in advance of the calendar year in which that RPS requirement is to take
effect.
Notes
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