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On May 12 via a press release  Maryland Gov. announces that he has formally signed the Utility RELIEF Act. 

“HB1532 delivers tangible relief for Marylanders struggling with high energy bills, modernizes Maryland’s grid infrastructure, and holds big companies, utilities and data centers alike, accountable. Under the new requirements, data centers must cover the costs of their own energy infrastructure upgrades, neutralizing their impact on Maryland’s grid and preventing costs from being passed on to Maryland families. This bipartisan legislation will save Marylanders at least $150 on their energy bills every year.”

From the retail energy supplier perspective this bill as previously reported also modifies the rate caps and contract terms for residential retail electric suppliers. The new law alters restrictions placed on suppliers in 2024 to encourage their return to the Maryland market by allowing longer contracts and adjusted price ceilings based on standard offer service (SOS) rates.

Specific changes  residential retail electric supplier rate caps include:

• Contract Length:Suppliers are now permitted to offer residential fixed contracts for up to 36 months, extending beyond previous limitations.
• Rate Caps Based on Contract Term:
  • Under 23 months:Rates must be at or below 100% of the current SOS rate at the time of contracting.
  • 24 to 35 months:Rates must be at or below 105% of the current SOS rate.
  • 36 months:Rates must be at or below 110% of the current SOS rate.