Maryland Public Service Commission outlines new energy forecasting and reporting requirements

Maryland's Education, Energy, and Environment Committee convened on March 26, 2025, to discuss significant developments in energy policy and forecasting. A key outcome of the meeting was the establishment of a new office tasked with producing a comprehensive risk report every three years, starting in 2028. This report will serve as a foundational document for ongoing updates regarding energy forecasts and policy scenarios, allowing for timely adjustments as circumstances evolve.

The office will not only submit its initial report by September 1, 2028, but it will also have the flexibility to provide updates whenever necessary, ensuring that the General Assembly and the governor are kept informed of any critical changes in energy policy. This proactive approach aims to enhance Maryland's capacity for modeling and forecasting in the energy sector, an area identified as lacking in previous discussions.

In addition to the main report, the meeting highlighted several other important studies mandated by the committee. The Public Service Commission will conduct a study on the effectiveness of an independent distribution operator, with a report due by December 31, 2026. Similarly, the Department of Transportation will explore methods for reducing transmission constraints using existing transportation rights-of-way, also expected to report by the end of 2026. Furthermore, a status update on the development of the risk report will be provided to the General Assembly in 2027.

The committee acknowledged the need for specialized expertise in energy modeling, which may lead to the hiring of consultants in the initial stages of the office's operation. The long-term funding for this initiative will be sourced from ratepayer bills, emphasizing the financial implications for Maryland residents.

As the committee moves forward, the establishment of this office and its reporting requirements signal a significant step towards enhancing Maryland's energy policy framework, ensuring that the state remains responsive to the dynamic landscape of energy needs and challenges. The next steps will involve appointing leadership for the new office and determining the best approach for staffing and resource allocation.