Fair Competition Study Act.

SB 716, the Fair Competition Study Act, requires North Carolina's Public Utilities Commission to study whether reforms to the state's energy market could improve competition, meet climate goals, and benefit consumers. The study will evaluate current energy costs and benefits, assess options like a regional energy-sharing system (energy imbalance market) or grid management organization (regional transmission organization), and analyze impacts on rates, environmental quality, economic opportunity, and vulnerable communities. It does not change existing laws but will inform future policy decisions, with a one-year deadline for the Commission to submit findings. The $350,000 study is funded through the state budget and will examine both North Carolina's system and potential regional coordination with South Carolina and the Southeast.