NH HB1542

Sets Alternative Compliance Payment (ACP) rates for all Renewable Portfolio Standard classes (I, II, III, and IV) to $0, effective July 1, 2027

Eliminates the current ACP rates of $55 for Class I and II, $31.50 for Class III, and $26.50 for Class IV that electricity providers pay when they cannot procure sufficient Renewable Energy Certificates

Would reduce Renewable Energy Fund revenue to $0, eliminating approximately $6.7 million in annual funding that currently supports renewable energy rebate programs, grants, and low-moderate income solar initiatives

Nine state positions currently funded by the Renewable Energy Fund ($1.5-$2.0 million annually) would lose funding and potentially be eliminated

May decrease electricity costs for ratepayers, with estimated state government savings of approximately $420,000 annually based on the elimination of REC procurement costs