Connecticut House Bill HB06120

Connecticut 2017 Regular Session

• Introduced: 1/20/17
• Refer: 1/20/17

Caption

An Act Making Renewable Energy Credits Have An Equal Value.

Impact

The proposed changes under HB 06120 could have significant implications for state laws governing energy markets. Equal valuation of renewable energy credits could lead to an increase in the utilization of diverse energy sources by ensuring that all credits can compete on a level playing field. This uniformity may encourage both consumers and producers to shift towards cleaner energy solutions, potentially accelerating the transition to a more sustainable energy framework within the state.

Summary

House Bill 06120 aims to amend Title 16 of the general statutes to ensure that renewable energy credits from all forms of clean energy generation are assigned equal value. This legislative move is seen as an effort to standardize the benefits associated with different types of renewable energy resources, simplifying transactions and incentivizing their development. By making these credits equivalent in value, the bill seeks to enhance the market for renewable energy by fostering a more competitive landscape among energy producers.

Contention

Opposition to HB 06120 may arise from stakeholders concerned about the ramifications of equalizing renewable energy credits. Critics may express worries that this approach could undermine specific renewable sources that naturally produce more energy or operate under different cost structures. Additionally, there may be discussions surrounding the potential for reduced investment in certain clean energy technologies if their market value is perceived to align too closely with less efficient or more costly sources.