Eligible Alaska customers would receive credits for excess renewable electricity

Covered electricity suppliers would give monthly credits for excess renewable electricity at the rate the customer would otherwise pay. Customers' systems must have a capacity of 25 kilowatts or less. Suppliers must be served by an electric reliability organization and sell more than 5 million kilowatt-hours to retail customers in a calendar year. Customers must generate renewable power on premises they own or use, operate connected to the supplier's system, and offset their own electricity use. Seasonal or time-of-use rates may apply. For generating capacity installed before July 1, 2025, customers could choose this service or keep the terms in effect when it was installed. The credit cycle would end March 31 each year. The text specifies July 1, 2025, as the bill's effective date, but enactment is not recorded.

Covered suppliers could limit participation only if the Regulatory Commission of Alaska finds a limit necessary after a hearing. The rule would cover eligible customers within each covered supplier's service area. The limit must protect system reliability or prevent unjust and unreasonable rates for customers who are not eligible renewable power generators.

The Alaska Energy Authority would manage a separate fund and could reimburse covered suppliers for eligible revenue losses from the credit service. Suppliers providing the credit service could apply to the Alaska Energy Authority for reimbursement. Payments would depend on lawmakers approving spending. The Regulatory Commission of Alaska would set rules for calculating eligible revenue losses. The fund could receive money from lawmakers, federal money, gifts, other contributions, and interest. The bill would not reserve a dedicated source of money for it.