This bill amends the New Hampshire Energy Policy to enhance the state's approach to energy resources, emphasizing affordability, reliability, diversity, and security for the health, safety, and welfare of its citizens. The revised policy includes new legal language that establishes the state's commitment to using market and regulatory mechanisms to achieve these goals. Key insertions outline the promotion of various energy technologies, the removal of regulatory barriers to innovation, and the importance of market forces in driving energy resource use. Additionally, the bill emphasizes the need for energy conservation and efficiency aligned with market principles and cost-effective strategies.

The bill also introduces provisions that ensure a balance between accurate market signals and the affordability of consumer prices, while maintaining energy reliability and the financial stability of utilities. It mandates that state regulatory processes consider economic costs and the necessary level of review to protect the state's interests. Furthermore, it encourages collaboration with federal entities to expedite necessary reviews and actions. The act is set to take effect 60 days after its passage.

Statutes affected:
As Amended by the Senate: 378:37