relative to utility default service.

HB 1534 clarifies how electric utilities recover costs related to default service - the safety-net option for customers who don’t choose a provider. It requires utilities to recover costs (including those from renewable energy compliance) through approved default service rates, ensuring past under- or over-collections are addressed in future rates for the same service tier. The bill also allows the utility commission to implement measures discouraging long-term use of default service, with any revenue from such measures used to offset stranded costs. This directly affects customers on default service plans and utilities managing these rates.