CunninghamLawSB25

 

SPRINGFIELD- State Senator Bill Cunningham’s energy relief package has become law, which is projected to save Illinois households more than $13 billion over the next two decades, bolstering Illinois in the pursuit of a more sustainable and renewable energy future.

"This law gives Illinois the tools to keep costs under control and prepare our energy system for the future,” said Cunningham, a Democrat who represents portions of Chicago and the Southwest Suburbs. “It’s about making smart investments today that pay off for consumers tomorrow.”

Senate Bill 25 aims to give Illinois new tools to reduce utility rate hikes, strengthen the state’s power grid, expand renewable energy sources and keep bills low for consumers. The law contains multiple provisions to tackle rising energy costs while transitioning Illinois to a cleaner, more reliable grid.

The law incentivizes measures that lower electricity prices by addressing the demand for energy and increasing grid capacity through things like energy storage. Battery storage lowers costs over time — meaning consumers will be on track to save more than $13 billion over the next 20 years with the added three gigawatts of energy storage provided by Senate Bill 25.

“This law ensures we’re not just reacting to energy problems — we’re planning ahead,” said Cunningham. “It will help lower utility bills while strengthening the power grid that residents of our state rely on every day.”

Senate Bill 25 was signed into law Thursday.