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Amended Maryland Retail Energy Reform Bill Passes The Senate And Now Heads To The Senate
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Amended SB0001 / HB0267– the so called “Electricity and Gas – Retail Supply – Regulation and Consumer Protection” bill -passes the Maryland Senate third reading and now heads to senate. SB0001 Pdf Text.
At time of publication official text of the amendments were not available. Updates will be provided.
Many major provisions of the bill as previously reported were not altered by there several amendments made. For example, the bill maintains a limit of 12 months for term contracts, and such contracts must be at or below the trailing 12-month SOS average rate.
Amendments are said to do the following:
- POR would be prohibited.
- Delay the requirement that required individual retail energy salespersons to be licensed by the Maryland Public Service Commission until July 1, 2025.
- The amendments also remove penalty provisions applicable to an individual sales agent by shifting such penalties to the agent’s company.
- Auto-renewals would be allowed, but renewal pricing would be subject to the trailing 12-month SOS average price cap.
- Renewable energy products, meeting a definition in the bill, would not be subject to the SOS price cap, but such a product’s pricing would be subject to PSC review.
Stay tuned for further updates!
