SB18-064: Cheaper, Cleaner Power Act

• Updates Colorado's renewable energy standard to require all electric utilities (including cooperative electric associations and municipally owned utilities) to derive 100% of their energy from renewable sources by 2035

• Establishes intermediate renewable energy targets: 70% by 2030-2034, 40% by 2025-2029, and 20% by 2020-2024 for larger utilities, with different schedules for smaller cooperatives and municipal utilities

• Removes recycled energy as an eligible energy resource and eliminates multipliers used for counting certain renewable energy generation (community-based projects and solar generation multipliers phase out)

• Allows utilities to obtain energy efficiency credits equal in value to renewable energy credits based on energy efficiency upgrades made for low-income residential customers

• Phases out the tradable renewable energy credit system so energy generated after 2035 is ineligible for credits, though credits for energy generated before 2035 have declining values through the 2030s