HB153 establishes a Renewable Portfolio Standard for Alaska, requiring load-serving entities to source a growing percentage of their electricity from.

HB153 introduces a Renewable Portfolio Standard (RPS) in Alaska, mandating load-serving entities to source a specific percentage of their electricity from renewable energy resources. The RPS requires 40% of electricity to be from renewables by December 31, 2030, and 55% by December 31, 2035. Load-serving entities can meet these standards through renewable electricity credits, energy from distributed energy systems, or power purchase agreements. The bill also outlines exemptions and noncompliance fines, with provisions for waivers under certain circumstances.

HB153 establishes a Renewable Portfolio Standard for Alaska, requiring load-serving entities to source a growing percentage of their electricity from.

HB153 introduces a Renewable Portfolio Standard (RPS) in Alaska, mandating load-serving entities to source a specific percentage of their electricity from renewable energy resources. The RPS requires 40% of electricity to be from renewables by December 31, 2030, and 55% by December 31, 2035. Load-serving entities can meet these standards through renewable electricity credits, energy from distributed energy systems, or power purchase agreements. The bill also outlines exemptions and noncompliance fines, with provisions for waivers under certain circumstances.