Renewable Energy Certainty Act

Bill: 118-s-5320
Sponsor: full_name: Sen. Welch, Peter [D-VT]
Introduced: 2024-11-14
Policy area: Energy
Latest action: action_date: 2024-11-14
text: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Summaries:

tv_txt: II 118th CONGRESS 2d Session S. 5320 IN THE SENATE OF THE UNITED STATES November 14, 2024 Mr. Welch (for himself, Mr. Cardin , Mrs. Shaheen , Mr. Van Hollen , and Mr. Whitehouse ) introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs A BILL To amend the National Energy Conservation Policy Act to authorize certain long-term contracts for Federal purchases of energy, and for other purposes.

1. Short title This Act may be cited as the Renewable Energy Certainty Act . 2. Contracts for Federal purchases of energy (a) In general Part 3 of title V of the National Energy Conservation Policy Act ( 42 U.S.C. 8251 et seq. ) is amended by adding at the end the following: 554. Long-term contracts for energy (a) In general Notwithstanding section 501(b)(1)(B) of title 40, United States Code, an agency may enter into a contract for the acquisition of energy generated from renewable energy sources or from cogeneration facilities covering a period of not more than 30 years. (b) Standardized energy purchase agreement Not later than 90 days after the date of enactment of this section, the Secretary, through the Federal Energy Management Program, shall publish a standardized energy purchase agreement, setting forth commercial terms and conditions, that agencies may use to acquire energy generated from renewable energy sources or from cogeneration facilities. (c) Technical assistance The Secretary shall provide technical assistance to assist agencies in implementing this section. . (b) Clerical amendment The table of contents for part 3 of title V of the National Energy Conservation Policy Act ( Public Law 95–619 ; 92 Stat. 3208; 119 Stat. 606; 119 Stat. 611) is amended by adding at the end of part 3 the following: Sec. 554. Long-term contracts for energy. .