CONCORD, N.H. – On Friday, Governor Sununu vetoed a bill (HB582) that would have increased funding for efficiency projects, particularly for low income customers, who currently experience a long wait list for the popular weatherization programs. With his veto, Governor Sununu prevented additional revenue from the Regional Greenhouse Gas Initiative from being distributed to these programs.
“By vetoing this bill, the governor has ensured that New Hampshire will continue to have difficulty investing in the cheapest form of energy available in the state,” said Ellen Hawes, Senior Analyst at Acadia Center. “This is a huge missed opportunity for New Hampshire’s residents and economy, as well as the state’s progress toward climate safety.”
Energy efficiency investments make electricity cheaper for all ratepayers. By 2027, energy efficiency is projected to reduce the amount of electricity we need to generate by more than 22%. In New Hampshire, the NHSaves electric efficiency programs deliver energy savings at 77% lower costs than buying more power. New Hampshire’s current use of RGGI auction revenue continues to provide benefits for the state, but the relatively small portion of funds directed towards energy efficiency prevents New Hampshire from maximizing its benefits.
For the first time ever, the New England grid operator (ISO New England) is predicting a decline in peak demand over the next ten years, mostly due to projected gains in energy efficiency and on-site solar generation. ISO-NE projects that by 2020, energy efficiency will reduce demand on peak days by more than all of the region’s nuclear power plants combined can supply. States must have strong programs to sustain and advance these gains.
In addition to this most recent veto, on July 19th the Governor vetoed a bill (SB205) that would have allowed the Public Utilities Commission to continue to set energy efficiency investment levels at rates most beneficial to ratepayers. This bill would have also increased the public’s ability to engage with how efficiency funds are spent, by expanding membership of the Energy Efficiency and Sustainable Energy Board.
“By requiring legislative approval for this one portion of rates, the legislature will add delay, uncertainty and increased costs for utilities, stakeholders and the Public Utilities Commission, under Sununu’s erroneous and disingenuous assertion that it is a hidden tax,” said Hawes.
Ellen Hawes, Senior Analyst
Krysia Wazny McClain, Communications Director
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