Sec. 6. Program review
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The Secretary of Energy shall enter into a contract with the National Academy of Sciences under which the Academy shall, not later than July 1, 2019, and every 10 years thereafter, submit to Congress, the Federal Energy Regulatory Commission, and the Secretary of Energy a comprehensive evaluation of all aspects of the programs established under this Act and under sections 610 and 611 of the Public Utility Regulatory Policies Act of 1978 (as added by this Act), including— an evaluation of the effectiveness of the programs, including the specific design elements of the programs, in increasing the efficiency of retail natural gas and electricity distribution and consumption and increasing the deployment of renewable electricity capacity; the opportunities for additional technologies and sources of efficiency and renewable electricity that have emerged since the date of enactment of this Act; the impact of the programs on the reliability of electricity and natural gas supply; the net benefits or costs of the programs to the United States and the States, including— the effects on electricity and natural gas demand and prices; the economic development benefits of investment; environmental costs and benefits; the impacts on public health and health care costs; and avoided costs related to environmental and congestion mitigation investments that otherwise would have been required; an assessment of the benefits and costs of increasing the performance standards established under section 611(d) of the Public Utility Regulatory Policies Act of 1978 (as added by this Act); the feasibility, advantages, and disadvantages of alternative models for demonstrating compliance with a Federal energy efficiency resource standard, including— establishing a national trading system for energy efficiency credits; or demonstrating compliance through actual reductions in delivery or sales of electricity and natural gas, rather than on program savings; and recommendations regarding potential changes to this section, to regulations and procedures for implementing this section, or to related public policies.
Not later than January 1, 2020, and every 10 years thereafter, the Secretary of Energy shall submit to the Committee on Energy and Commerce of the House of Representatives and the Committee on Energy and Natural Resources of the Senate a report making recommendations for modifications and improvements to the programs established under this Act and under sections 610 and 611 of the Public Utility Regulatory Policies Act of 1978 (as added by this Act), including an explanation of the inconsistencies, if any, between the recommendations of the Secretary of Energy and the recommendations included in the evaluation of the National Academy of Sciences under paragraph (1).