That NHPUC had been considering a settlement agreement that would have significantly increased utility energy efficiency funding, Kushler said. The proposal was supported by the state's utilities.
New Hampshire Bulletin broke down the impact of the NHPUC decision:
The decision would lower residential electric bills by a few dollars per month. Energy efficiency is funded through what’s called the System Benefits Charge, one portion of a resident’s monthly electric bill. Right now, the charge is around $4 a month for the typical household. Under Friday’s order, that would go down to around $1.80 a month by 2023. Instead of paying about $40 per year in SBC charges, a household in 2023 would pay around $20 a year. The rejected plan would have cost a household up to $70 a year.
The impacts of the coronavirus pandemic made 2020 "the worst year in a decade" for energy efficiency, according to the International Energy Agency. Improved energy efficiency is seen as a crucial piece to addressing climate change and offers "some of the fastest and most cost-effective actions to reduce CO2 emissions," according to IEA.