Mandatory Energy Saving Standards for Electricity and Natural Gas Suppliers.
This Act establishes federal energy efficiency standards, requiring large electricity and natural gas suppliers to achieve increasing annual energy savings targets starting in 2025. Citizens will likely see an increase in utility-sponsored programs, rebates, and incentives for home and business upgrades, such as insulation and efficient appliances. The goal is to reduce overall energy consumption, leading to lower long-term energy bills, with specific encouragement for programs targeting low-income households.
Key points
Major utility companies must meet specific, rising annual targets for electricity and natural gas savings starting in 2025.
Increased availability of programs and financial incentives for energy efficiency improvements in homes and businesses.
Suppliers failing to meet targets face civil penalties, with funds redirected to states to implement further energy efficiency programs.
Status:
Expired
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