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CT's Green Bank, RRES and Consumer Incentives

Is the UN Agenda 2030 in CT? A green bank suggests the UN's agenda is alive and well here in communist-led Connecticut.

The Connecticut Green bank has surpassed $2 billion in investments; there's much beneath the surface of this initiative and its evolution. The Residential Solar Investment Program (RSIP) has been replaced with....

"As of January 1, 2022.... a new program has been launched by the Public Utilities Regulatory Authority (PURA) called Residential Renewable Energy Solutions." The program will be administered by utilities Eversource and United Illuminating (UI). Customers have two options: a buy-all incentive or a netting incentive similar to traditional net metering.

The buy-all program is administered as follows: The utility will purchase power from homeowners at a rate approved by the Public Utilities Regulatory Authority (PURA). Customers will receive compensation as either an on-bill credit to offset monthly bills or a cash payment once per quarter. Customers may specify a percentage of the compensation to be split between the two options.

Homeowners will purchase the electricity needed to power their homes directly from Eversource or United Illuminating. Any on-bill credits not used to offset the bill can be cashed out once annually, and any cash payments (quarterly or annually) must go to a third party that is not the account holder.

In other words, this is the rubber-meets-the-road of energy rationing.

The green bank's mission is "to confront climate change and provide all of society a healthier and more prosperous future by increasing and accelerating the flow of private capital into markets that energize the green economy."

The state, "Our green bank model upended the government subsidy-driven approach to clean energy by working with private-sector investors to create low-cost, long-term sustainable financing to maximize the use of public funds. We continue to innovate, educate and activate to accelerate the growth of green energy measures in the residential (single and multifamily), commercial, industrial, institutional and infrastructure sectors."

Who oversees the green bank? Are they accountable to anyone? Read more about the bank, reports and homebuyer incentives:

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