The bill allows forward capacity market funds to be used for heat pumps and electric vehicles to reduce electricity rates.
The bill updates Maine's energy infrastructure to allow forward capacity market funds to be used for heat pumps and electric vehicles. These funds, previously limited to heat pumps, now also support electric vehicles. The Maine Public Utilities Commission can use these funds to promote beneficial electrification measures that reliably reduce electricity rates. The bill also allows the board to deposit revenue from forward capacity market payments into appropriate program funds.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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