The proposed bill amends Chapter 39-1 of the General Laws, adding a new section, 39-1-64, which mandates the Public Utilities Commission (PUC) and the Division of Public Utilities and Carriers (DPUC) to conduct a comprehensive study aimed at identifying effective strategies to lower energy rates for consumers in Rhode Island. This study is to be completed by April 30, 2026, and will include an appropriation of $100,000 for hiring consultants and experts to assist in the research. The study will not only evaluate current energy programs in Rhode Island but also compare energy rates and policies with those of other states to identify potential improvements.

Additionally, the bill emphasizes the need for transparency in energy-related legislation by requiring that any proposed legislation affecting energy costs include an "energy note" that outlines its potential impact on rates. The PUC and DPUC are tasked with formulating a research plan to achieve the study's objectives, which include reviewing existing programs that contribute to higher energy costs and recommending the elimination of non-transparent practices. The act will take effect upon passage.