0
0

Energy PRICE Act of 2021

12/31/2022, 5:05 AM

Summary of Bill HR 4556

Bill 117 hr 4556, also known as the Energy PRICE Act of 2021, aims to address rising energy costs and promote energy efficiency in the United States. The bill focuses on several key areas, including increasing funding for energy efficiency programs, incentivizing the use of renewable energy sources, and promoting energy conservation measures.

One of the main provisions of the Energy PRICE Act is the establishment of a grant program to provide funding for energy efficiency upgrades in residential and commercial buildings. This program aims to help reduce energy consumption and lower energy bills for consumers. Additionally, the bill includes provisions to incentivize the use of renewable energy sources, such as solar and wind power, by providing tax credits and other financial incentives for individuals and businesses that invest in renewable energy technologies.

The Energy PRICE Act also includes measures to promote energy conservation, such as requiring federal agencies to implement energy-saving measures in their buildings and operations. This is aimed at reducing the government's energy consumption and setting an example for other organizations to follow. Overall, the Energy PRICE Act of 2021 seeks to address the growing concerns about rising energy costs and the need to transition to more sustainable energy sources. By promoting energy efficiency, incentivizing renewable energy investments, and encouraging energy conservation measures, the bill aims to help reduce energy consumption, lower energy bills, and promote a more sustainable energy future for the United States.

Congressional Summary of HR 4556

Energy Prices Require Including Climate Externalities Act of 2021 or the Energy PRICE Act of 2021

This bill requires the Federal Energy Regulatory Commission (FERC) to direct electric utilities to take greenhouse gas emissions into account when they set their rates for the wholesale sale of electricity. Specifically, if FERC determines that the rates do not incorporate the cost of such emissions to public health, safety, or welfare, then FERC must find that the rates are unjust, unreasonable, unduly discriminatory, or preferential.

Current Status of Bill HR 4556

Bill HR 4556 is currently in the status of Bill Introduced since July 20, 2021. Bill HR 4556 was introduced during Congress 117 and was introduced to the House on July 20, 2021.  Bill HR 4556's most recent activity was Referred to the Subcommittee on Energy. as of July 21, 2021

Bipartisan Support of Bill HR 4556

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
14
Democrat Cosponsors
14
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 4556

Primary Policy Focus

Energy

Alternate Title(s) of Bill HR 4556

To direct the Federal Energy Regulatory Commission to find that certain rates for electricity are inherently unjust and unreasonable, and for other purposes.
Energy PRICE Act of 2021
Energy PRICE Act of 2021
Energy Prices Require Including Climate Externalities Act of 2021

Comments