Energy efficiency programs; incremental annual savings. Provides that for the 2029 program year and all subsequent years, "in the public interest" for the purpose of assessing energy efficiency programs means that the State Corporation Commission determines that the program is cost-effective. The bill directs the Commission to promulgate regulations no later than September 30, 2025, establishing a single, consistent cost-effectiveness test for use in evaluating proposed energy efficiency programs. The bill requires Dominion Energy Virginia and Appalachian Power Company to track, quantify, and report to the Commission the incremental annual savings, as defined in the bill, achieved by such utility's energy efficiency programs. This bill is identical to HB 746.

Statutes affected:
Senate: Prefiled and ordered printed; offered 01/10/24 24104925D: 56-576, 56-585.1, 56-596.2
Senate: Committee substitute printed 24106759D-S1: 56-576, 56-596.2
House: Committee substitute printed 24107975D-H1: 56-576, 56-596.2
Senate: Bill text as passed Senate and House (SB565ER): 56-576, 56-596.2
Senate: Reenrolled bill text (SB565ER2): 56-576, 56-596.2
Governor: Acts of Assembly Chapter text (CHAP0794): 56-576, 56-596.2