The authority and its service provider shall develop and implement a program designed to reduce peak energy demand consistent with the provisions of section sixty-seven-b of the public service law. The authority shall annually submit a public report to the department of public service describing the implementation, operation, and results of the program. Pursuant to section three-b of the public service law, the department of public service may review and make recommendations concerning the implementation and operation of the program by the authority and its service provider.