To amend title VI of the Public Utility Regulatory Policies Act of 1978 to establish a Federal energy efficiency resource standard for electricity and natural gas suppliers, and for other purposes.
About This Bill
Committee
Latest Action · June 20, 2024
Read twice and referred to the Committee on Energy and Natural Resources.
# Summary
The American Energy Efficiency Act of 2024 creates a federal energy efficiency standard that requires electricity and natural gas suppliers to achieve increasing levels of energy savings each year through 2039. Large electric utilities must deliver electricity savings equal to 1 percent of their baseline deliveries in 2025, rising to 22 percent by 2039, while natural gas suppliers face similar escalating requirements starting at 0.5 percent in 2025 and reaching 14 percent by 2039. The bill covers efficiency improvements in customer homes and businesses, distribution system upgrades, and emerging technologies like combined heat and power systems.
The Department of Energy must establish regulations within one year to set measurement standards, establish the reporting process, and allow states to administer the program if they meet federal requirements. Suppliers can meet their obligations through direct energy efficiency programs, purchasing saved energy from other suppliers or efficiency providers, or paying alternative compliance fees that fund state efficiency programs. The legislation includes financial penalties for utilities that fail to meet standards and authorizes a National Academy of Sciences study on best practices for measuring energy savings. The bill encourages utilities to prioritize efficiency programs for low-income households and allows states greater flexibility in implementation while maintaining federal baseline requirements.
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