Federal Renewable Energy Standard: 70% Clean Electricity Mandate by 2034.
This Act establishes a Federal Renewable Electricity Standard (RES), requiring large retail electricity suppliers to progressively increase the share of renewable energy they sell, reaching 70% by 2034. The goal is to create competition among renewable generators and significantly reduce harmful greenhouse gas emissions. Citizens should see cleaner air and increased deployment of local renewable energy projects.
Key points
Clean Energy Mandate: Retail electricity suppliers must increase renewable energy sales (wind, solar, geothermal, biogas, qualified hydropower) from 20% in 2025 to 70% by 2034.
Equity Focus: A portion of the required renewable electricity credits (15-20%) must come from distributed generation or impacted communities.
Alternative Payments for Investment: Suppliers failing to meet the requirement may make alternative compliance payments to states, which must use the funds for clean energy projects, storage, or efficiency, with at least 50% benefiting impacted communities.
Status:
Expired
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