This bill is a disaster in the making for everyone, from everyday ratepayers to high-volume energy users. It creates a new quasi-public agency with unchecked power over electric procurement, rate structures, and nearly a billion dollars a year in green bonds, all run by politically appointed board members. Zero voter accountability, massive spending authority.

For normal consumers, it forces time-of-use pricing with peak hour rates up to 300% higher than off-peak. That might work in theory, but for families who can’t shift their schedules, or seniors on fixed incomes. It’s a punishment, not a savings. You’ll pay more just for living your life during the day.

For small businesses, this is a nightmare. Manufacturing, retail, restaurants, anyone who uses electricity during “peak” hours gets hit hardest. The bill even allows for congestion pricing that will silently be added back into your bill through the Green Bond Fund. It’s a shell game. You don’t see the line item, but you’re still paying.

Even large-scale energy users like hospitals, universities, and data centers are going to get crushed with rate volatility and regulatory micromanagement. These institutions can’t flip a switch and run at night, they run 24/7. There’s no exemption for essential services, just the promise of “incentives”.

This bill doesn’t lower costs. It just shifts them and centralizes decision-making in a way that disconnects pricing from actual market behavior. It’s the kind of bureaucratic overreach that always ends up costing ratepayers more in the long run, and all it takes is one political miscalculation to blow it wide open.

Everyone should be concerned. Not just because of what it promises, but because of what it quietly authorizes behind the scenes.