All assessments must be just and reasonable as determined by the commission and must be identified as an energy cost reduction contract charge or a physical energy storage contract charge on a ratepayer's utility bill. When determining just and reasonable assessments, the commission shall consider the anticipated reduction in the price of gas or electricity, as applicable, accruing to different categories of ratepayers as a result of the contract.

In determining whether anticipated reductions in gas or electricity prices for electricity ratepayers in the State from an energy cost reduction contract are adequate, the commission may consider whether programs, contracts and other long-term enforceable energy project commitments in other states will reduce market prices of electricity, natural gas or both sufficient to make assessments of electricity ratepayers in the State for the energy cost reduction contract just and reasonable. Such commitments may include programs for long-term contracts for wind energy, solar energy, hydroelectric energy and energy storage projects and other enforceable obligations that reduce the market clearing electricity price applicable to electricity ratepayers in the State.