The General Assembly Raised Bill No. 244 mandates the Commissioner of Energy and Environmental Protection to conduct a comprehensive study on the market for renewable energy certificates issued by the New England Power Pool Generation Information System. The study will focus on several key areas, including the role of these certificates in supporting renewable energy development and financing, current supply and demand trends, pricing in both state and regional markets, and the environmental benefits associated with their use for compliance with state renewable energy requirements. The findings of this study are to be reported to the relevant joint standing committees of the General Assembly by March 1, 2027.

This bill introduces new legal language, specifically establishing a new section that outlines the requirements for the study, effective October 1, 2026. It does not include any deletions from current law, as the proposed changes are entirely new provisions aimed at enhancing the understanding and efficacy of the renewable energy certificate market in Connecticut. The purpose of the bill is to ensure that the state can effectively assess and improve its renewable energy initiatives through informed policy decisions.