The bill amends Section 39-26-6 of the General Laws in Chapter 39-26, which pertains to the Renewable Energy Standard. Key insertions include the requirement for the public utilities commission (PUC) to make public notifications regarding any changes in the eligibility status or energy production of renewable energy generators. Additionally, the PUC is tasked with promulgating rules to facilitate the prompt public disclosure of this information. The bill also introduces a new duty for the commission to assess the adequacy of renewable energy supplies every five years, starting January 1, 2026, and allows for the delay of scheduled percentage increases in renewable energy requirements if supplies are deemed inadequate.

Furthermore, the bill authorizes electric distribution companies to propose and implement pilot programs for renewable generation demonstration projects, particularly at nonprofit affordable housing sites, and to include the associated costs in customer rates. It also allows for the implementation of smart-metering and smart-grid demonstration projects, subject to PUC approval. The act is designed to enhance transparency and compliance within the renewable energy sector while promoting the development of renewable energy resources in Rhode Island. The bill will take effect upon passage.