This bill amends the existing law regarding the grid modernization advisory group by adding new subparagraphs that address current electricity reliability challenges in New Hampshire and New England. Specifically, it introduces considerations for the role of energy storage in enhancing reliability, market-based solutions to promote large-scale energy storage systems, and the implementation of an indexing storage credit model to incentivize storage market development. These additions aim to provide a comprehensive approach to improving energy reliability in the region.

Additionally, the bill establishes an energy reliability and large-scale storage task force within the Department of Energy, which is tasked with completing specific duties and submitting interim and final reports by December 1, 2025, and June 1, 2026, respectively. The fiscal impact of the bill indicates that while there are no expected revenues, expenditures are indeterminable and will be covered by the Department of Energy's operating budget. The bill is set to take effect upon its passage.

Statutes affected:
Introduced: 374-F:2
As Amended by the Senate: 374-F:2
As Amended by the House: 12-P:16
Version adopted by both bodies: 12-P:16