The bill establishes a net metering program in Alaska, which allows consumer-generators—customers who produce their own electricity using renewable energy sources—to receive credits for excess energy they generate. Specifically, it amends existing law to include provisions that require load-serving entities with significant retail sales to provide net metering services. These services will credit consumer-generators based on their excess energy production and allow them to use these credits for their own consumption on an annual cycle. Additionally, the bill stipulates that consumer-generators can choose to opt into this service for systems installed before July 1, 2025, and it restricts load-serving entities from limiting participation unless necessary for system reliability.

Furthermore, the bill creates a net metering reimbursement fund, which will be administered by the Alaska Energy Authority. This fund will consist of legislative appropriations, contributions, and interest earned, and it will be used to reimburse load-serving entities for revenue losses incurred due to net metering services. The bill also mandates the Regulatory Commission of Alaska to adopt regulations to implement these provisions, ensuring that standards for calculating revenue losses are established. The effective date for the bill is set for July 1, 2025.

Statutes affected:
SB0150A, AM SB 150, introduced 03/28/2025: 42.05.391, 42.05.306, 42.05.395, 42.45.015, 42.05.790