(a)  There is hereby authorized, created, and established a board to be known as “The Distributed Generation Standard Contract Board” with the powers and duties set forth in this chapter.

(b)  The purposes of this board are to:

(1)  Evaluate and make recommendations to the commission regarding ceiling prices and annual contracting targets, the make-up of renewable energy classes, and the terms of standard contracts under the provisions of this chapter;

(2)  Provide consistent, comprehensive, informed, and publicly accountable involvement by representatives of groups impacted by, involved in, and knowledgeable regarding the development of distributed-generation projects that are eligible to enter into standard contracts; and

(3)  Monitor and evaluate the effectiveness of the distributed-generation standard contracting program for the purchase of the energy output of distributed renewable-generation projects.