Relating To Energy-efficiency Portfolio Standards.
If passed, SB3078 will amend Section 269-96 of the Hawaii Revised Statutes, which specifies that the state aims to achieve cumulative persisting electricity savings of 6,000 gigawatt hours by 2045. This significantly raises the standard from the original goal of 4,300 gigawatt hours by 2030. Moreover, it allows the Public Utilities Commission to set interim goals, facilitating continuous oversight and adjustment of the energy-efficiency programs that contribute to these standards, thereby reinforcing the state's commitment to both emissions reduction and consumer savings.
Senate Bill 3078 aims to extend Hawaii's energy-efficiency portfolio standards, previously set to expire in 2030, to a new target of 2045. The bill recognizes energy efficiency as a cost-effective measure for reducing emissions associated with electricity generation and consumption. It draws on the foundation laid by the Hawaii Clean Energy Initiative and Act 155 from 2009, which first established the energy-efficiency goals and standards now in need of extension as the state works toward its renewable energy objectives.
The proposal to extend the portfolio standards has garnered support from proponents who emphasize the financial benefits for consumers and its alignment with decarbonization goals. However, there might be contention regarding how the aggressive targets will be achieved, particularly concerning the resources required for meeting such high electricity savings. Additionally, as the bill empowers the Public Utilities Commission to establish penalties and incentives based on performance, concerns may arise about the implications of such measures for utilities and their customers in adapting to these enhanced standards.