To Amend The Arkansas Renewable Energy Development Act Of 2001; And To Provide Requirements For Paying A Residential Net-metering Customer For Net Excess Generation.
Impact
The bill aims to enhance the framework for net-metering in Arkansas, potentially encouraging more homeowners to invest in renewable energy systems. By ensuring that residential net-metering customers receive fair compensation for their contributions to the grid, the bill could foster a more robust renewable energy market within the state. This change is expected to benefit both consumers and utility companies in effectively managing energy generation and consumption.
Summary
House Bill 1047 seeks to amend the Arkansas Renewable Energy Development Act of 2001, focusing specifically on the compensation structure for residential net-metering customers. Under this bill, electric utilities would be mandated to compensate these customers at a retail rate on a kilowatt-to-kilowatt basis for any excess energy they generate. Furthermore, it allows for the possibility of cashing out this excess generation, which could be done at a wholesale rate and only once every six months, when customers can choose to receive the credit either on their bill or as a direct payment.
Contention
While the primary goal of HB1047 is to promote renewable energy, it could also instigate debates surrounding the financial implications for electric utilities. Opponents may raise concerns about the additional financial burdens on these utilities, which might result from increased compensation obligations. The balance between encouraging renewable energy production and maintaining utility financial viability will be a significant point of contention in the discussions regarding this bill.
To Authorize The Introduction Of A Nonappropriation Bill To Amend The Arkansas Data Centers Act Of 2023 And To Amend The Requirements For A Digital Asset Mining Business Or Business Using A Blockchain Network.
To Authorize The Introduction Of A Nonappropriation Bill To Amend The Arkansas Data Centers Act Of 2023 And To Amend The Requirements For A Digital Asset Mining Business Or Business Using A Blockchain Network.
To Authorize The Introduction Of A Nonappropriation Bill To Amend The Arkansas Data Centers Acts Of 2023, To Regulate Digital Asset Mining Businesses And Businesses Utilizing A Blockchain Network, And To Declare An Emergency.
To Authorize The Introduction Of A Nonappropriation Bill To Amend The Arkansas Data Centers Acts Of 2023, To Regulate Digital Asset Mining Businesses And Businesses Utilizing A Blockchain Network, And To Declare An Emergency.
To Amend The Arkansas Data Centers Act Of 2023; To Prohibit Foreign-party-controlled Ownership Of A Digital Asset Mining Business; And To Declare An Emergency.
To Authorize The Introduction Of A Nonappropriation Bill To Amend The Arkansas Data Centers Act Of 2023 And To Prohibit Foreign-party-controlled Ownership Of A Digital Asset Mining Business.
To Authorize The Introduction Of A Nonappropriation Bill To Amend The Arkansas Data Centers Act Of 2023 And To Prohibit Foreign-party-controlled Ownership Of A Digital Asset Mining Business.