New Hampshire Public Utility Law Law News - New Hampshire Public Utility Commission Issues New Regulations to Promote Renewable Energy Usage
In an effort to encourage the adoption of renewable energy sources and reduce carbon emissions, the New Hampshire Public Utility Commission (NHPUC) has introduced a set of new regulations that will impact public utilities across the state.Effective immediately, all public utilities in New Hampshire will be required to obtain at least 50% of their energy from renewable sources by 2030. This marks a significant increase from the previous requirement of 25%, which was set in 2020. The NHPUC hopes that this new mandate will not only help to combat climate change, but also stimulate investment in the state's renewable energy sector.In addition to the new renewable energy mandate, the NHPUC has also implemented stricter guidelines for the management of energy efficiency programs. Public utilities will now be required to achieve annual energy savings that are equivalent to at least 2% of their total energy sales. This measure is aimed at reducing overall energy consumption and promoting a more sustainable approach to energy usage.Furthermore, the NHPUC has announced a series of incentives for public utilities that exceed the minimum requirements outlined in the new regulations. Utilities that surpass the 50% renewable energy threshold ahead of schedule, or achieve energy savings greater than 2% annually, will be eligible for financial rewards and recognition from the commission.In response to the new regulations, many public utilities in New Hampshire have already begun to invest in renewable energy projects and expand their energy efficiency programs. Companies such as Eversource Energy and Liberty Utilities have announced plans to increase their use of solar and wind power, as well as launch new initiatives to help customers reduce their energy consumption.Overall, the NHPUC's latest actions represent a significant step forward in the state's efforts to promote clean energy and combat climate change. By setting higher standards for renewable energy usage and energy efficiency, New Hampshire is positioning itself as a leader in sustainable energy practices and environmental stewardship.