The bill amends Chapter 39-1 of the General Laws regarding the Public Utilities Commission (PUC) by introducing a new section, 39-1-64, which mandates a comprehensive study to be conducted by the PUC in collaboration with the Division of Public Utilities and Carriers (DPUC). This study is required to be completed by April 30, 2027, and aims to ascertain the best ways to lower all energy rates for consumers, including both electric and gas rates. The study will involve an investigation of energy rates in other states to understand their practices and will review existing energy programs in Rhode Island to identify which may be contributing to higher costs.

To facilitate this study, the bill allocates an appropriation of $100,000 for hiring consultants and experts. The PUC and DPUC are tasked with formulating a research plan and making recommendations on legislation that impacts energy costs, ensuring that any such legislation includes an energy note that clearly shows the positive or negative effects on energy costs. The bill emphasizes the need for a detailed review of Rhode Island's energy policies and empowers the PUC and DPUC to explore additional areas pertinent to the goal of lowering ratepayer energy costs. The act will take effect upon passage.