Natural Gas Price Reduction Act of 2005

The Natural Gas Price Reduction Act of 2005 proposes a multi-pronged approach to lowering energy costs by increasing the domestic supply of natural gas while simultaneously reducing consumer demand. The bill seeks to boost production by streamlining the federal permitting process for drilling, offering financial incentives for oil and gas leases, and expanding infrastructure for natural gas storage and imports.

For the average citizen, the bill aims to lower utility bills through new energy efficiency standards for household appliances and the promotion of "smart metering" technology to help homeowners manage their energy use. Additionally, the legislation encourages the use of renewable energy sources, such as solar and biomass, and provides incentives for the development of hydrogen fuel cells to diversify the nation’s energy mix.