A bill to take New Hampshire out of the Regional Greenhouse Gas Initiative, or RGGI, has been changed in the House Committee on Science, Technology and Energy.
It would now maintain New Hampshire’s participation in the program but would allocate all of the money raised by the program away from renewable energy projects and into electric rate relief.
Right now, the state puts four out of every five dollars it gets per carbon allowance into rate subsidies.
The Office of Energy and Planning estimates about fifteen million dollars will be generated for rate relief in twenty fifteen. Two million would be channeled to energy improvements for municipal buildings. Another half million will go towards weatherization programs for low-income households.
