Electricity and Retail Gas Supply - Customer Choice, Consumer Protection, and Green Power (Retail Energy Modernization and Consumer Choice Act)

HB 1494 modernizes Maryland's residential electricity and gas markets by allowing suppliers to offer time-of-use rates for terms longer than 12 months and combining electricity with green energy certificates in multi-year plans. It permits rates that exceed standard utility rates during peak times and exempts certain green power products from typical marketing and pricing rules. The bill requires the Public Service Commission to establish new rules for consolidated billing, cybersecurity, and fair interconnection of energy services. These changes directly affect residential customers choosing electricity/gas plans and suppliers offering those services, aiming to expand consumer options while adding new regulatory safeguards.