The proposed Bill No. 319 aims to enhance consumer access to affordable electricity by implementing several key changes to current law. It seeks to eliminate the "Combined Public Benefits Charge" from electric bills for end-use customers of electric distribution companies. Additionally, the bill prohibits the Commissioner of Energy and Environmental Protection and electric distribution companies from entering into power purchase agreements that exceed 150% of the wholesale electricity price. It also redefines "Class I renewable energy source" to include electricity generated from hydropower and nuclear facilities, separates the Public Utilities Regulatory Authority from the Department of Energy and Environmental Protection, and eliminates incentive programs that increase electric demand, such as electric vehicle rebates.

Furthermore, the bill includes a provision to study methods for increasing the supply of natural gas in the state. The overall intent of these changes is to reduce energy costs for consumers while ensuring a more stable and affordable energy supply. The proposed amendments reflect a significant shift in energy policy, focusing on cost reduction and supply enhancement.