Bill > SB706

This bill modifies Maryland's Renewable Energy Portfolio Standard, which requires electricity suppliers to source a certain percentage of their electricity from renewable sources. Specifically, it lowers the required percentage of electricity that must come from Tier 1 renewable sources for the years 2027 through 2030. Tier 1 renewable sources are a category of cleaner energy, and the bill details specific minimum percentages for solar energy, offshore wind energy (including targets for "Round 2" projects, which refers to a specific phase of offshore wind development), and geothermal systems within that Tier 1 requirement. The bill also maintains the required percentage for Tier 2 renewable sources, which are generally less environmentally friendly than Tier 1 sources. Importantly, the bill includes a provision stating that it will not impair any existing obligations or contract rights and will take effect on October 1, 2026, applying to compliance years after December 31, 2026.

Education

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0706?ys=2026RS