Md. Code Regs. 26.09.04.03

Current through Register Vol. 51, No. 22, November 1, 2024

Section 26.09.04.03 - Consumer Energy Efficiency Account

A. The Department shall establish the Consumer Energy Efficiency Account, referred to in this subtitle as the Account, as described in COMAR 26.09.02. Each allowance to be auctioned shall be identified by its serial number as described in COMAR 26.09.02.

B. The Department shall administer the Account in such a manner that allowances allocated to the Account or transferred to it from the Limited Industrial Exemption Set-aside Account, the Long Term Contract Set-aside Account, the Voluntary Renewable Set-aside Account, the Clean Generation Set-aside Account, or the CO₂ Allowance Contingency Account may be offered for sale in CO₂ allowance auctions as described in COMAR 26.09.02.

C. The proceeds of the auction shall be placed into the Fund.

D. The Department shall use the proceeds it receives from the Fund for climate change programs.

Md. Code Regs. 26.09.04.03

Regulations .03 adopted as an emergency provision effective April 4, 2008 (35:9 Md. R. 895); adopted permanently effective August 25, 2008 (35:17 Md. R. 1490)
Regulation .03B amended as an emergency provision effective December 28, 2009 (37:4 Md. R. 336); amended permanently effective May 3, 2010 (37:9 Md. R. 674)
Regulation .03B amended effective August 6, 2012 (39:15 Md. R. 964)