Revision: Dec. 1, 2022, 11:11 a.m.
2023 SESSION
23-0273.0
10/08
HOUSE BILL [bill number]
AN ACT relative to reducing the rebates distributed by the energy efficiency fund.
SPONSORS: [sponsors]
COMMITTEE: [committee]
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ANALYSIS
This bill eliminates the rebate amount distributed to retail electricity ratepayers and allocates all auction proceeds to support current or future energy efficiency resource standards programs.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
23-0273.0
10/08
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Three
AN ACT relative to reducing the rebates distributed by the energy efficiency fund.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Energy Efficiency Fund and Use of Auction Proceeds; Rebate Reduction. Amend RSA 125-O:23, II to read as follows:
II. [All] For fiscal year 2023, all amounts in excess of the threshold price of $1 for any allowance sale shall be rebated to all retail electric ratepayers in the state on a per-kilowatt-hour basis, in a timely manner to be determined by the commission. Beginning in fiscal year 2024 and through fiscal year 2028, the rebate amount to all retail electric ratepayers shall be decreased by $1 per year. Beginning in fiscal year 2029 the rebate amount shall be set to zero.
2 Energy Efficiency Fund and Use of Auction Proceeds; Auction Proceed Allocation. RSA 125-O:23, III(c) is repealed and reenacted to read as follows:
(c) Beginning January 1, 2024, and all subsequent years, all auction proceeds shall be dedicated to support current or future energy efficiency resource standards programs. The department of energy shall devise or discover low-cost, small-scale energy efficiency measures that can be implemented by homeowners and distribute these at no cost through NHsaves or through public schools, to enable savings to offset any decline in rebates, including but not limited to programmable thermostats. The department of energy shall contract with the department of education in developing coherent and successful education programs that will reach families. Said programs may include video-based education distributed through NHSaves.
3 Effective Date. This act shall take effect 60 days after its passage.