Bill > HB1691

This bill makes several changes to the state's Renewable Portfolio Standard (RPS), which is a regulation requiring electricity providers to source a certain percentage of their electricity from renewable energy sources. Specifically, it adjusts the start date for Class I renewable energy sources to January 1, 1998, and modifies the required percentages for Class I renewable energy credits (RECs) in the years 2015 through 2025, particularly for those generated by technologies producing useful thermal energy. The bill also revises the reporting requirements for electricity providers and REC providers to the commission, ensuring more detailed information about REC purchases and production is collected and made public. Additionally, it slightly increases the fee for Class I RECs from $55 to $56, while keeping the fee for thermal energy RECs at $25. Finally, the bill includes a provision to repeal RSA 362-F, the chapter governing the RPS, effective December 31, 2020, with the rest of the bill taking effect 60 days after passage.