Creating the WV Energy Efficiency Jobs Creation Act

HB 2418 requires West Virginia electric utilities to develop and implement energy efficiency programs starting in 2026, mandating cumulative electricity savings targets of 0.5% by 2026, 1.25% by 2027, 2% by 2028, and 4% by 2029 based on 2020 sales volumes. The bill establishes a "self-directed" option allowing eligible residential and commercial customers to create their own energy efficiency plans, with requirements to repay avoided utility charges if they fail to meet minimum goals. The West Virginia Public Service Commission oversees program approval, sets annual reporting requirements for utilities, and ensures cost recovery for approved efficiency initiatives. This directly affects all electric utilities operating in the state and their customers, focusing on reducing electricity consumption through structured, measurable targets.