Bill > HB05942

This bill proposes to amend title 16 of the general statutes to expand electric suppliers' ability to purchase renewable energy credits (RECs) from providers located outside of the state. Renewable energy credits are tradable certificates representing the environmental attributes of one megawatt-hour of electricity generated from a renewable energy source, such as solar or wind power. By allowing electric suppliers to purchase these credits from out-of-state providers, the bill aims to give utilities more flexibility in meeting renewable energy requirements and potentially reduce the cost of acquiring clean energy credits. This change could help electric suppliers more easily comply with renewable portfolio standards, which mandate that a certain percentage of electricity come from renewable sources, while potentially creating more opportunities for renewable energy producers in other states.

Transportation and Infrastructure

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05942&which_year=2025