AN ACT CONCERNING NET METERING FOR STAND-ALONE ENERGY STORAGE SYSTEMS.

HB 5537 requires Connecticut's Energy Storage Solutions program (administered by the Connecticut Green Bank) to provide net metering credits at the full retail electricity rate for excess power returned to the grid by owners of stand-alone energy storage systems. This directly affects homeowners and businesses installing qualifying energy storage systems through the Green Bank program. The key provision changes existing net metering rules to ensure these specific systems receive compensation equal to the retail price of electricity, rather than a lower rate. This policy change simplifies compensation for users generating surplus energy but applies only to systems funded via the designated Green Bank program.