Bill S.170, introduced by Senator Watson, aims to freeze the current adjusted net metering rate until 2028. The legislation stipulates that the Public Utility Commission is prohibited from adopting new renewable energy credit adjustors or siting adjustors before the 2028 Biennial Update as mandated by Rule 5.100. This measure is intended to provide stability in net metering rates during this period.

Additionally, the bill includes a provision stating that it will take effect upon passage. This means that once the bill is approved, the changes regarding the net metering rates and the restrictions on the Public Utility Commission will be implemented immediately.