Bill > HR3096

This bill directs the Comptroller General (the head of the Government Accountability Office, which conducts independent research for Congress) to perform a comprehensive study on how federal agencies use renewable energy certificates (RECs), which are tradable certificates representing proof that electricity was generated from a renewable energy source. The study will specifically examine five key areas: (1) how the market demand for different types of RECs drives new renewable energy investments, (2) agencies' progress in complying with a previous executive order on clean energy procurement, (3) comparing different methods federal agencies can use to meet renewable energy requirements (including RECs, power purchase agreements, and onsite renewable installations), analyzing their costs and compliance risks, (4) the average cost agencies have incurred using RECs to fund existing and new renewable energy projects, and (5) the potential costs of exclusively using RECs, power purchase agreements, or onsite renewables to fund new projects. Upon completing the study, the Comptroller General must submit a report to Congress detailing the findings and providing recommendations for legislative and administrative actions to improve how the REC market impacts federal renewable energy investments.

Government Affairs

https://www.congress.gov/bill/119th-congress/house-bill/3096/all-info