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Maryland Retail Energy Reform Bill Reported Out Of Committee, With Amendments
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The Education, Energy, and Environment Committee of the Maryland Senate voted out SB0001 favorably as amended
Official text of the amendments were not immediately available
Senator Malcolm Augustine, the bill's sponsor, said that the amendments remove commercial customers from the bill and targets the bill's provisions to residential customers
During a mark-up, the amendments were also said to delay the requirement that individual retail energy salespersons must be licensed by the PSC, to July 1, 2025
The amendments also remove penalty provisions applicable to an individual sales agent, but the agent's company would still be subject to fines related to any violations due to the salesperson's behavior
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, described as similar to the current process in New York
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
POR would be prohibited
Other previously described major provisions were not altered by the amendments. See more details in our prior story here
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March 4, 2024
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Copyright 2010-23 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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