AN ACT RELATING TO PUBLIC UTILITIES AND CARRIERS -- ENERGY STORAGE SYSTEMS ACT

This bill establishes a new framework in Rhode Island to promote the adoption and integration of energy storage systems into the electric grid. It requires the Public Utilities Commission to create specific tariffs and interconnection rules by May 2025 that recognize the unique value of storing energy for later use. Additionally, the legislation mandates periodic assessments every three years to determine if storage projects can provide net benefits to ratepayers, with larger utility companies required to conduct competitive procurements if such needs are identified. By defining energy storage technologies and setting clear timelines for regulatory action, the bill aims to lower costs and improve grid reliability without replacing existing infrastructure.