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The American Energy Efficiency Act of 2024 amends the Public Utility Regulatory Policies Act to establish a federal energy efficiency resource standard requiring electricity and natural gas suppliers to achieve cumulative energy savings targets. Suppliers must meet performance standards expressed as percentages of their baseline energy deliveries, with savings measured through customer facility improvements, distribution system efficiency gains, combined heat and power systems, and fuel-switching measures. The bill sets escalating savings targets from 2025 through 2039 and allows suppliers to trade or transfer efficiency credits to meet compliance obligations.
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