SB243

Extends Hawaii's energy-efficiency portfolio standards to 2045, setting new goals and oversight mechanisms.

This bill extends Hawaii's energy-efficiency portfolio standards to 2045, setting new goals and oversight mechanisms. It mandates the public utilities commission to establish interim goals for electricity use reduction by 2015, 2020, 2025, 2030, 2035, and 2040, with the ability to adjust these standards. The bill also requires the commission to evaluate the standards every five years and report findings to the legislature. It emphasizes energy efficiency as a cost-effective way to reduce emissions and financial benefits for customers.