Public Service Commission - Full Costs and Benefits Analysis of Sources of Electricity Generation

SB 675 requires Maryland's Public Service Commission to conduct a detailed analysis comparing the full costs and benefits of different electricity generation sources for ratepayers. The study must evaluate three specific scenarios: current natural gas and nuclear capacity, plus 8,500 megawatts of offshore wind (with energy storage to address intermittency), and compare costs using the Levelized Full System Cost model. It specifically examines how energy storage affects reliability costs for each source and identifies the most cost-effective options. The Commission must submit findings and policy recommendations to relevant legislative committees by December 1, 2026. This analysis directly affects Maryland electricity ratepayers by informing potential future energy policy decisions based on cost comparisons.