An Act To Lower Consumer Electricity Costs By Prohibiting The Recovery Through Rates Of Costs Attributable To Net Energy Billing

This bill prohibits Maine's electricity utilities from including certain net energy billing program costs in customer rates. Specifically, after June 30, 2026, utilities cannot recover costs related to customer-generated solar energy credits (kilowatt-hour credit program) or commercial/institutional net energy billing programs through rate hikes. Instead, these costs must be paid from the state's General Fund via a newly created Net Energy Billing Cost Stabilization Fund. The Public Utilities Commission will manage payments to utilities from this fund, requiring annual cost estimates and a process to return overpayments. This directly affects electricity consumers by preventing rate increases tied to these programs and shifts the funding responsibility to state taxpayers.