This bill aims to enhance competition among electric service providers in West Virginia by establishing a new section in the Code of West Virginia, specifically 5B-1-3a. It designates the Department of Commerce as the authority responsible for developing a "competition plan" that allows users of electricity to access a competitive market across existing and new utility delivery systems. The bill outlines that any deregulation plan approved by the Legislature must include market-based competition among multiple electrical utility operators, ensuring consumers receive comprehensive information about the means of electrical production, subsidies, environmental management, and customer service options before selecting a supplier.

Additionally, the bill sets forth qualifications for electrical utility operators, requiring a minimum average daily utilization rate of 75% over a rolling year and a 10% reserve capacity to enhance grid reliability. It mandates that maintenance of the electrical grid and transmission infrastructure be managed by separate entities from the utility operators, with costs factored into consumer rates. Overall, the legislation seeks to create a more competitive and transparent electric service market in West Virginia, while ensuring robust infrastructure and service standards.

Statutes affected:
Introduced Version: 5B-1-3a