Bill Summary for S 362 (2013-2014)

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Summary date: 

Mar 19 2013

Bill Information:

View NCGA Bill Details2013-2014 Session
Senate Bill 362 (Public) Filed Tuesday, March 19, 2013
A BILL TO BE ENTITLED AN ACT TO DIRECT THE ENERGY POLICY COUNCIL TO STUDY (1) THE ESTABLISHMENT OF TIERED ELECTRICITY RATES FOR RESIDENTIAL, COMMERCIAL, PUBLIC, AND INDUSTRIAL CUSTOMERS TO ENCOURAGE ENERGY CONSERVATION AND ENERGY EFFICIENCY; (2) AN ENERGY EFFICIENCY PUBLIC BENEFIT LOAN FUND TO BE USED FOR LOANS TO CUSTOMERS FOR THE COSTS OF CERTAIN ENERGY EFFICIENCY OR RENEWABLE ENERGY PROJECTS; AND (3) POSSIBLE INCENTIVES FOR CONSUMERS TO PURCHASE ENERGY STAR QUALIFIED HOUSEHOLD PRODUCTS.
Intro. by Kinnaird.

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Bill summary

Directs the Energy Policy Council (Council) to identify, study, and recommend policies to significantly increase energy efficiency and conservation, as well as promote the sale and installation of energy efficiciency or renewable energy products.  The Council will specifically look at the establishment of tiered electricity rates and whether they would provide incentives for energy conservation and efficiency, and the legal or regulatory obstacles to employing such a system. Describes the charateristics that a tiered electricity rate system should have. Council will also look at the potential benefits of a public benefit fund for energy efficiency activities and possible sources of revenue for the fund and incentives to encourage the use of more energy efficicient appliances, including an avoidable pollution tax on certain appliances and products not meeting Energy Star.

An interim report of the Council's findings may be submitted no later than February 1, 2014, and the final report will be sumitted no later than May 1, 2014. The reports will be submitted to the Environmental Review Commission, the Revenue Law Study Committee, and the Joint Legislative Utility Review Committee.