Proposed Bill No. 384 aims to amend current statutes regarding energy charges and incentives in the state. The bill seeks to suspend the Combined Public Benefits Charge, which includes fees related to the Electric Vehicle Charging Program, from electric bills for end-use customers of electric distribution companies until a legislative review is conducted. Additionally, it prohibits the Commissioner of Energy and Environmental Protection and electric distribution companies from entering into power purchase agreements that exceed one hundred fifty percent of the wholesale price of electricity.
Furthermore, the bill eliminates incentives for the development of zero-carbon energy sources unless such incentives are also available for other forms of energy generation. Lastly, it promotes an increase in the natural gas supply within the state. These changes reflect a shift in energy policy, focusing on cost control and the expansion of natural gas resources while reevaluating the support for zero-carbon energy initiatives.