Environmental Leaders Push for Transparency on State's Clean Energy Program
Eight environmental leaders are urging Maryland energy regulators to provide more transparency on the state's renewable energy program and how financial credits are allocated to entities generating renewable energy. The groups believe that the program is not fulfilling its promises and may be subsidizing "dirty energy" sources. The letter, addressed to the Maryland Public Service Commission, requests additional information in the annual report, such as the prices of renewable energy credits (RECs) by fuel source, the age of facilities selling RECs, and the names of companies profiting from the program. The environmental leaders also call for a compliance check to ensure that RECs sold in Maryland meet eligibility requirements. They estimate that Maryland ratepayers could spend close to a billion dollars subsidizing the state's Renewable Portfolio Standard program between 2008 and 2030.