Hawaii HB1023 amends the renewable portfolio standard to prioritize renewable energy and biofuels, and mandates capacity payments for renewable.

Hawaii HB1023 amends the renewable portfolio standard to prioritize renewable energy and biofuels, aiming to mitigate oil price volatility and climate impacts. The bill mandates that by 2045, electric utilities must purchase a minimum of 20 million gallons of renewable biofuels annually and ensure at least 2,000 megawatts of customer-sited, grid-connected generation capacity. It also requires the public utilities commission to establish capacity payments to ensure reserve margins are met by renewable energy sources.

Hawaii HB1023 amends the renewable portfolio standard to prioritize renewable energy and biofuels, and mandates capacity payments for renewable.

Hawaii HB1023 amends the renewable portfolio standard to prioritize renewable energy and biofuels, aiming to mitigate oil price volatility and climate impacts. The bill mandates that by 2045, electric utilities must purchase a minimum of 20 million gallons of renewable biofuels annually and ensure at least 2,000 megawatts of customer-sited, grid-connected generation capacity. It also requires the public utilities commission to establish capacity payments to ensure reserve margins are met by renewable energy sources.