This bill amends the law regarding the net energy billing program for commercial and institutional customers of investor-owned utilities by changing the current calculation for tariff rates to require the Public Utilities Commission to annually base the tariff rate on the forecast of wholesale energy market prices in New England and by providing that an energy credit may apply only to the supply charges of a customer's electricity bill rather than to the entirety of the bill.

Statutes affected:
Bill Text LD 1465, SP 584: 35-A.3209