OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 ↓ (860) 240-0200
AN ACT CONCERNING MUNICIPAL AND STATE COMPETITIVE PROCUREMENT OF ELECTRICITY, NATURAL GAS, RENEWABLE ENERGY AND OTHER ENERGY-RELATED PRODUCTS BY NONPROFIT ENERGY BUYING CONSORTIA.
OFA Fiscal Note
State Impact: See Below
Municipal Impact: See Below
The bill allows governmental entities to participate in a competitively procured program to purchase energy-related products through a nonprofit energy buying consortium.
It is anticipated that the majority of municipalities already participate in energy consortium and as such, there would be no fiscal impact to those municipalities. There may be a savings to any municipality, however, that does not currently participate in a consortium.
To the extent various state agencies currently participate in an energy buying consortium, no fiscal impact is anticipated. There may be savings, however, to any agency currently not a member of a consortium.
The Out Years
Any savings that occur as a result of participating in a consortium would continue into the future subject to the terms of energy contracts.