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Debate over shutting down RPS penalties: sponsors tout rate relief; industry warns of lost jobs and markets
Summary
House Bill 15‑42 FN would set alternative compliance payments to $0, effectively removing the penalty for RPS noncompliance and the primary funding for the Renewable Energy Fund. Proponents argued modest immediate rate relief; DOE, utilities, renewable generators, and timber/biomass interests warned the change would collapse REC markets, jeopardize REF grant programs and thousands of jobs.
Concord, N.H. — A bill to remove penalties for failing to meet New Hampshire’s Renewable Portfolio Standard (RPS) prompted a wide‑ranging debate at the House Science, Technology and Energy Committee, with the sponsor citing rate relief and opponents warning of sweeping economic and energy‑policy consequences.
Representative Janine Notter introduced HB 15‑42 FN, which would set Alternative Compliance Payments (ACPs) — the penalty utilities pay when they fail to buy required renewable energy certificates (RECs) — to $0 beginning January 1, 2027. The sponsor said the change would lower costs for competitive electricity customers and return approximately $6.7 million…
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