AN ACT RELATING TO PUBLIC UTILITIES AND CARRIERS -- MORATORIUM ON NET METERING, LONG-TERM CONTRACTS AND SUBSIDIES FOR HEAT PUMPS

This bill would temporarily halt several renewable energy programs in Rhode Island starting January 1, 2027. It stops new net metering agreements that allow customers to sell excess solar or wind power back to the grid, prohibits the state from signing long-term contracts over five years for purchasing solar or wind energy, and bars state funds from subsidizing heat pump purchases or installation. These changes directly affect utility customers, energy providers, and state agencies that currently participate in or administer these programs. The legislation does not prevent existing contracts from continuing but blocks new enrollments in these specific renewable energy initiatives.