Electricity policy affects reliability, pricing, household budgets, and business operating costs.
This bill affects how the country invests in renewable energy infrastructure and electric vehicle charging.
If passed, it could lower long-term electricity costs and reduce reliance on imported fuel.
Overview
Repeals and replaces the current Electricity Act and modernizes the law relating to the supply of electricity, including renewable energy regulation.
This bill proposes funding for renewable energy infrastructure including modernization of the national grid and expansion of electric vehicle charging networks.
The proposal aims to increase energy independence and reduce long term electricity costs.
Key Provisions
Repeals and replaces the current Electricity Act.
Modernizes the law relating to the supply of electricity.
Regulates renewable energy by URCA.
- Funding allocated for national grid modernization