Connecticut Senate Bill SB00450

Connecticut 2021 Regular Session

• Introduced: 1/27/21
• Refer: 1/27/21

Caption

An Act Modifying The Zero Carbon Procurement Authority.

Impact

The intended effect of SB00450 on state law is to refine the procurement processes for zero carbon energy sources, ensuring that investments in such energies are economically viable. By capping the approval rates to the wholesale level, the bill seeks to promote fiscal responsibility within the state's energy procurement strategies. This could lead to a more balanced approach that encourages innovation in zero carbon technologies while maintaining consumer protections against inflated pricing.

Summary

SB00450, titled 'An Act Modifying The Zero Carbon Procurement Authority,' aims to amend the existing legislation concerning how zero carbon energy proposals are approved. The bill specifically stipulates that no proposals can be sanctioned at rates exceeding the wholesale rate of electricity. This change is intended to ensure that energy proposals align more closely with market realities and are not subsidized at a potentially unsustainable level.

Contention

A notable point of contention surrounding this bill might involve the implications for renewable energy developers and advocates who argue that capping the rates could hinder the growth and competitiveness of zero carbon solutions. Critics may voice concerns that limiting the procurement rates could discourage investment in new technologies and indirectly slow down the transition toward a sustainable energy grid. Additionally, discussions could arise regarding the long-term impact of such restrictions on the state's overall energy market dynamics.