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Bill > HB1023


HI HB1023

Relating To Renewable Portfolio Standards.


summary

Introduced
01/23/2025
In Committee
01/23/2025
Crossed Over
Passed
Dead

Introduced Session

2025 Regular Session

Bill Summary

Modifies and improves the effectiveness of the renewable portfolio standards law, which stipulates the central role of Hawaii's electric utility companies in complying with the State's renewable energy and climate goals to address emerging trends.

AI Summary

This bill aims to modify Hawaii's Renewable Portfolio Standards (RPS) to address emerging trends in clean energy and climate change mitigation. The legislation introduces several key provisions to improve the state's renewable energy strategy, including establishing more stringent requirements for biofuels by mandating lower lifecycle greenhouse gas emissions, creating capacity markets to incentivize clean energy generation, and promoting distributed solar development. Specifically, the bill requires electric utilities to purchase 20 million gallons of renewable biofuels annually by 2045, secure 2,000 megawatts of dispatchable customer-sited solar generation, and establish capacity payments to ensure a reserve margin of at least 15% from generators with high capacity factors using renewable or decarbonized energy. The bill also introduces new definitions for terms like "decarbonized electrical energy" and "local renewable biofuels" and requires electric utilities to report their renewable portfolio progress by individual islands. By implementing these changes, the legislation seeks to strengthen Hawaii's clean energy goals, reduce reliance on fossil fuels, and support the state's commitment to addressing the climate crisis through a more sophisticated and environmentally conscious approach to electricity generation.

Committee Categories

Agriculture and Natural Resources

Sponsors (1)

Last Action

Referred to EEP, CPC, referral sheet 3 (on 01/23/2025)

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