Bill > HB05400

This bill aims to implement two key changes in energy procurement regulations. First, it prohibits the Commissioner of Energy and Environmental Protection and electric distribution companies from entering into power purchase agreements (PPAs) where the electricity rate exceeds 150% of the wholesale electricity price, which is calculated based on either the average rate from the preceding twelve months or the market rate for the upcoming twelve months. This provision is designed to prevent overpaying for electricity and protect consumers from potentially excessive pricing. Second, the bill requires the Commissioner to conduct joint solicitations for clean energy projects with a capacity greater than 20 megawatts, mandating collaboration with two or more other states. This provision seeks to promote regional cooperation in developing larger-scale clean energy infrastructure, potentially leveraging economies of scale and shared resources to more effectively advance renewable energy development. By setting price limits on PPAs and encouraging multi-state collaboration on clean energy projects, the bill aims to create more cost-effective and strategically coordinated approaches to energy procurement and renewable energy expansion.

Transportation and Infrastructure

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05400&which_year=2025