Connecticut lawmakers have recently passed a new energy bill as part of efforts to reduce greenhouse gas emissions.
Senate Bill 9, "An Act Concerning Connecticut’s Energy Future," passed both the House and the Senate in landslide victories. Governor Dannel Malloy signed the bill into law today. The bill officially implements the 2018 Comprehensive Energy Strategy (CES) that was finalized earlier this year.
The main pieces of the legislation that could directly impact the price of energy for end-users is the increase in the Renewable Portfolio Standard (RPS) from the original 20% by 2020 to 40% by 2030. This increases the total amount of renewable energy being used in Connecticut, which can sometimes cost more than traditional energy sources. The year-by-year increases are outlined below.
While the exact costs of these changes are not yet known, it is important to be aware of them in the coming years. Stanwich Energy Advisors will continue to monitor these changes and will update when more information is available.
You can read the full Senate Bill 9 from the ct.gov here.