CT SB00952

Department of Energy and Environmental Protection and Public Utilities Regulatory Authority shall report annually beginning January 1, 2023, on energy storage deployment progress against goals of 300 megawatts by December 31, 2024; 650 megawatts by December 31, 2027; and 1,000 megawatts by December 31, 2030.

Public Utilities Regulatory Authority must initiate a proceeding by January 1, 2022, to develop and implement energy storage programs with funding mechanisms for residential, commercial/industrial, and front-of-meter distribution-connected systems.

Authority shall consider programs and rate designs that incentivize energy storage deployment while providing positive net present value to ratepayers, multiple grid benefits, industry development, and capacity market participation.

Commissioner of Energy and Environmental Protection may issue requests for proposals for energy storage projects at transmission or distribution level, including stand-alone projects and those paired with renewable energy or hydropower facilities up to 100 megawatts capacity.

Public Utilities Regulatory Authority must approve proposed energy storage agreements within 120 days if cost-effective and in the best interest of ratepayers; net costs are recovered through fully reconciling electric rates while any net revenues are credited back to customers.