SURGE Act of 2026

This bill, known as the Shared Utility Rewards for Grid Efficiency Act of 2026, requires the Federal Energy Regulatory Commission to create rules that allow certain electric transmission companies to keep a portion of the money they save when they improve grid efficiency. The law mandates that these utilities submit detailed plans showing how their actions will reduce costs for customers and how much savings can be verified by independent evaluators. Utilities that successfully reduce transmission losses or improve grid performance could recover up to 60% of verified savings over a period of two to five years through rate adjustments. The bill also directs the Department of Energy to provide guidance and grants to state regulators so they can implement similar programs for utilities not under federal jurisdiction, and requires periodic studies to evaluate how these incentive frameworks affect the electric power sector.