RGGI Rate Credit
The Maryland Strategic Energy Investment Fund receives auction revenues from the ten-state Regional Greenhouse Gas Initiative (“RGGI”) for use in reducing state energy consumption and peak demand through energy efficiency, conservation, demand response and clean energy programs. Twenty-three percent (23%) of the money received in the fund is allocated to provide rate relief as a flat monthly rate credit per Residential customer. The size of the credit is determined by the amount of money available from the auction and the number of active residential customers in the state. The RGGI Rate Credit will be included on the Residential customer bills of each electric utility in accordance with a Commission approved methodology. The credit may vary depending on the actual revenues received, the methodology prescribed by the Commission and number of active Residential customers.
