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State Senate Passes Bill Altering Default Service Procurement
March 26,2018 The New Hampshire Senate has passed SB 365 which would alter the state's electric default service structure to include a procurement of renewable resources from specific facilities eligible under the bill The bill awaits action in the House The bill would require that each electric distribution company shall include, as a condition in each default service procurement for the residential electric customer class, the requirement that the selected default service provider agrees to offer to purchase, for use as part of its default energy supply, the net energy output of any eligible facility (generally biomass, municipal solid waste, solar, or hydroelectric resources as further described in the bill) located in the electric distribution company’s service territory in accordance with the bill Prior to each solicitation of its default service supply, each such electric distribution company shall solicit proposals, in one solicitation or multiple solicitations, from eligible facilities. The electric distribution company’s solicitation to eligible facilities shall inform eligible facilities of the opportunity to submit a proposal to enter into a power purchase agreement with the electric distribution company’s selected default service provider, as approved by the PUC, to sell an amount of energy to the default service provider for use in the provision of default service for a period that is coterminous with the time period used in the default service supply solicitation. The solicitation shall provide that sales of energy from the eligible facility shall be priced at the adjusted energy rate derived from the default service rates approved by the commission in each applicable default service supply solicitation and resulting rates proceeding. As used above, "adjusted energy rate" means 80 percent of the rate, expressed in dollars per megawatt-hour, resulting from the default energy rate minus, if applicable, the rate component for compliance with the renewable energy portfolio standards law, RSA 362-F, if that rate component is included in the approved default energy rate. As a result of such solicitations, and as a condition of PUC approval of the default service provider’s contract with the electric distribution company for default service, the default service provider shall select all proposals from eligible facilities that conform to the requirements of the bill The costs incurred pursuant to purchases under the bill shall be recovered by the electric distribution company in the same manner as recovery of default service charges. Such costs may include reasonable costs incurred by electric distribution companies pursuant to this section. Link To Bill
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