ME LD568

Public Utilities Commission must evaluate alternative methods for procuring standard-offer electricity service, including supply contracts of varying lengths and more frequent bidding processes (potentially more than once per year)

Evaluation criteria include improving bid quality and quantity, lowering electricity rates for customers, and achieving greater rate stability

Report due to Joint Standing Committee on Energy, Utilities and Technology by January 2, 2026

Report must detail whether the commission changed its procurement strategy effective January 1, 2026, results achieved or expected, and rationale if no changes were made

Committee may introduce legislation based on the report during the Second Regular Session of the 132nd Legislature