Tradeable Energy Performance Standards Act

# Tradeable Energy Performance Standards Act Summary **What the Bill Would Do:** This bill would create a system requiring electricity suppliers and natural gas distributors to gradually improve their energy efficiency standards over time. Instead of setting rigid rules for each company, the legislation would establish efficiency targets that firms could meet through various methods—including investing in energy-saving technologies, upgrading infrastructure, or purchasing "credits" from other companies that exceed their efficiency goals. This flexible, market-based approach aims to reduce energy consumption and associated emissions across the country's power and gas systems. **Who It Affects:** The bill would primarily impact electricity and natural gas companies, which would need to meet the new performance standards. Ultimately, consumers could be affected through changes in utility rates and potentially lower energy bills if efficiency improvements reduce overall costs.

Energy efficiency businesses and renewable energy companies might benefit from increased demand for their services and products. **Current Status:** As of now, HR 2177 remains in committee and has not advanced to a full House vote. The bill was introduced by Representative Sean Casten (D-Illinois) in the 119th Congress. No major action has been taken on this legislation.