SURGE Act of 2026 establishes frameworks for electric utilities to recover cost savings from efficiency improvements.
The SURGE Act of 2026 amends the Federal Power Act to require the Federal Energy Regulatory Commission (FERC) to establish frameworks for electric utilities to recover a portion of verified cost savings from efficiency improvements. The Department of Energy (DOE) must develop guidance for state regulatory authorities to implement these frameworks. The bill also mandates studies on the effects of certain rate treatments and alternative frameworks, and establishes a grant program for state regulatory authorities to develop and implement these frameworks.
The filed bill text is too short for analysis.