VA HB284

Requires Phase I and Phase II electric utilities to file petitions with the State Corporation Commission by January 15, 2027, for approval of voluntary demand flexibility programs targeting high energy demand customers (those with 25+ megawatts demand and 75%+ annual load factor)

Defines "demand flexibility" as lowering or shifting electric grid load from peak to lower demand periods, including through temporary usage reduction, energy storage, or purchasing capacity reduction credits from other customers

Requires electric cooperatives serving high energy demand customers to establish demand flexibility programs by January 1, 2029, with technical work groups to develop proposals by September 30, 2027

Prohibits carbon-emitting generating resources from participating in demand flexibility programs and requires programs to minimize emissions and environmental health impacts

Mandates utilities file status reports every three years after initial program approval, with the Commission submitting annual summaries to the General Assembly starting September 1, 2028