In April, Connecticut became one of a handful of states to start implementing performance-based rates. Performance-based rates (PBR) align utility profits with public policy goals by changing how utilities invest and make money. In past blogs, we have explored how states can use metrics to pivot program design to include climate and equity goals, and this blog will look at how states can financially incentivize utilities by aligning profits with policy using performance-based rates (PBR).
The Energy Efficiency Revolving Loan Fund presents a unique opportunity for state energy offices to not only invest in long term energy efficiency financing programs, but also provide grants to small businesses and low-income residents to improve the comfort of their buildings and install more efficient technology.
The Bipartisan Infrastructure Law (BIL) and Inflation Reduction Act (IRA) present an unprecedented opportunity to grow efficiency and electrification across the United States. They also represent an extraordinary amount of work and coordination for our state energy offices, regulators, energy efficiency businesses, and other stakeholders.
Welcome to the newest installment of a new blog series called Turning Policy into Performance. In this series, we'll take a look at how states can implement decarbonization and climate goals with energy efficiency programs.
As temperatures approached record highs this summer, the passage of the Inflation Reduction Act (IRA or Act) brought hope for an actionable future. It set the United States on a course to reduce greenhouse gas (GHG) emissions by 40 percent by 2030, and represents one of the most significant climate investments ever made by the federal government.
This summer has not only been one of the hottest on record, but also one that has seen record policy making to tackle climate change and accelerate beneficial electrification. In June, President Biden invoked the Defense Production Act to Accelerate Domestic Manufacturing of Clean Energy.