The new sweeping energy bill passed by the Connecticut House of Representatives, which will merge a number of different state energies, will still give customers electric choices when it comes to their retail suppliers as well as other benefits.
The legislation, which is expected to be signed into law by Governor Dannel P. Malloy in the near future, also offers financial assistance for senior citizens in order to help them pay their utility bills, reports the Hartford Courant.
According to the news source, the 243-page bill also offers low-cost loans to homeowners planning to make upgrades from non-energy efficient units such as furnaces and air conditioners.
Electric rates are also expected to drop under the new legislation, as a new "electricity procurement manager" will be tasked with buying power more efficiently, which would ultimately drive down costs for customers.
"The consideration of rates has to be part of everything we do," explained Democratic Representative Vickie Nardello, adding that the procurement manager will ultimately decide the best course of action for the state and its residents.
In addition, the bill will create an agency designed to finance green energy projects such as those involving solar and wind power, according to The Associated Press.