CA SB765

Requires the Public Utilities Commission to contract with an independent entity to serve as the California Market Transformation Administrator (CalMTA) by July 1, 2017 to coordinate statewide energy efficiency market transformation strategies.

Mandates the PUC modify energy efficiency programs to incorporate a portfolio of long-term market transformation initiatives on a statewide basis without increasing overall funding for energy efficiency programs.

Requires the CalMTA to work with other energy efficiency administrators to incorporate market transformation strategies into the state's energy efficiency portfolio and coordinate planning with utility and community programs.

Directs the PUC to encourage local publicly owned electric utilities to voluntarily participate in and support market transformation initiatives to ensure statewide consistency and full market deployment.

Requires rigorous vetting of market transformation program concepts to ensure proposed interventions produce lasting energy efficiency benefits that exceed their long-term costs.