This bill amends the New Hampshire energy policy by repealing and reenacting RSA 378:37 to emphasize the promotion of affordable, reliable, diverse, and secure energy resources for the health, safety, and welfare of its citizens. The new legal language introduces several key principles, including the encouragement of a variety of energy technologies, the removal of regulatory barriers to innovation, and the allowance of market forces to guide energy resource use. It also stipulates that government intervention should be limited and focused on achieving specific policy goals, while promoting energy conservation and efficiency in line with market principles.

Additionally, the bill outlines the importance of maintaining an environment that balances accurate market signals with consumer affordability, price stability, and energy reliability. It emphasizes the need for state regulatory processes to weigh economic costs against necessary levels of review to protect state interests, and it calls for collaboration with federal entities to expedite necessary reviews and actions. The act is set to take effect 60 days after its passage.