Tradeable Energy Performance Standards Act

The bill would amend the Clean Air Act to create a tradeable energy performance standard system for large electricity generators and thermal energy users, establishing a market-based program where emission allowances are distributed and can be traded. It affects covered facilities—including electric, thermal, and cogeneration facilities with a rated capacity of 2 megawatts or greater, or those approved by the Administrator—requiring them to hold emission allowances equivalent to their carbon dioxide emissions. Key provisions include definitions for emission allowances, bilateral purchase agreements between existing and newly constructed low-emission facilities, a tracking system, offset…

No official summary is available here. This one was written by AI from the bill’s text.