CT HB05351

State policy establishes goal to deploy 1,000 megawatts of energy storage by December 31, 2030, to reduce distribution costs, maintain grid reliability, and reduce greenhouse gas emissions.

Public Utilities Regulatory Authority must initiate a proceeding by January 1, 2021 to develop and implement energy storage programs with mandatory residential programs and optional commercial/industrial programs, funded through electric rates.

Authority must consider rate designs and incentive programs that provide net present value to ratepayers, deliver multiple grid benefits (resilience, peak shaving, ancillary services), and support development of state-based energy storage industry.

Commissioner of Energy and Environmental Protection may solicit proposals for demonstration projects combining energy storage with Class I renewable energy sources, with facilities sized between 2 and 20 megawatts.

Net costs of energy storage agreements are recovered through fully reconciling electric rate component applied to all customers, with any net revenues credited back to ratepayers through the same rate mechanism.