The General Assembly finds and declares that: (1) well-designed time-of-use pricing of electricity can help mitigate the impacts of electrification on the electric distribution system, reduce greenhouse gas emissions during peak hours, and encourage customer adoption of beneficial electrification measures through off-peak cost savings; (2) widespread beneficial electrification will increase demand on the electric distribution system and potentially require significant system upgrades if consumers adopting beneficial electrification measures do not engage in a form of load management to mitigate the need for system upgrades and reduce the greenhouse gas intensities associated with generation emissions during peak hours; (3) pairing the adoption of renewable on-site generating systems with beneficial electrification measures may: (i) further reduce the State's greenhouse gas emissions; (ii) provide on-site resilience to consumers; and (iii) facilitate load flexibility to mitigate impacts on the electric distribution system from load growth due to beneficial electrification; and (4) it is reasonable to provide additional incentives and protections to low- and moderate-income households: (i) to ensure access to the benefits of electrification and on- site energy systems; and (ii) to protect those households from negative bill impacts during a transition to time-of-use rates.
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