Bill > SB00097

This bill aims to limit the ability of the Connecticut Commissioner of Energy and Environmental Protection and electric distribution companies to enter into power purchase agreements (PPAs) that are significantly more expensive than the wholesale electricity market price. Specifically, the bill prohibits these entities from signing PPAs where the electricity price exceeds 150% of the wholesale electricity price. A power purchase agreement is a contract between an electricity generator and a buyer, typically outlining the terms of electricity sale, including price and duration. The wholesale price of electricity refers to the base market rate for electrical power before additional transmission and distribution costs. By setting this price cap, the bill seeks to prevent what it likely views as potentially overpriced electricity contracts, potentially protecting consumers from higher electricity rates and encouraging more cost-effective energy procurement strategies for the state.

Transportation and Infrastructure

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00097&which_year=2025