Bill > SB1342

This bill aims to reduce energy-related costs for low-income households by requiring Phase I and Phase II Utilities (specific utility classifications in Virginia) to provide energy efficiency upgrades to at least 30 percent of qualifying households by December 31, 2030. A qualifying household is defined as a low-income dwelling (with income at or below 60% of state median or 80% of local median) that uses onsite stored fuel for heating, has inefficient appliances, and is eligible for weatherization programs. The utilities must implement "prescriptive efficiency measures" that lower heating-related energy costs and reduce onsite air pollution, with the goal of substantially reducing households' reliance on delivered fuel. The State Corporation Commission will review these efforts, can provide performance-based incentives, and will not penalize utilities if they cannot meet the 30 percent target. Utilities are required to consult with the Department of Energy to utilize available funding and must report their progress to the Commission no later than January 1, 2027, and annually thereafter, including detailed data on energy savings and potential cost reductions across customer classes.

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https://lis.virginia.gov/bill-details/20251/SB1342