Bill > HB224

This bill mandates that any money collected in the Renewable Energy Fund that exceeds administrative costs, funding for the office of offshore wind industry development and energy innovation, and incentive payments, must be returned to all retail electric ratepayers in the state on a per-kilowatt-hour basis, with the timing of these rebates to be determined by the commission. The Renewable Energy Fund, established to support renewable energy initiatives, typically receives money from electric utilities and competitive suppliers who pay Alternative Compliance Payments (ACPs) if they fail to meet renewable energy obligations. This change aims to directly benefit consumers by rebating excess funds collected through these payments, rather than allowing them to be used for other initiatives as previously outlined in the law.

Budget and Finance, Business and Industry

https://gc.nh.gov/bill_Status/billinfo.aspx?id=220&inflect=2