HB 23-1137

HB 23-1137, also known as the Solar Garden Net Metering Credits Stabilization bill, aims to adjust how solar garden credits are calculated for utility customers. If a community solar garden's subscribers want their bill credits to remain fixed each year instead of changing annually, this bill provides a new method for calculating those credits. It also allows utilities to recover costs related to managing these billing systems. The bill was signed into law by the governor and will take effect on August 7, 2023. This affects solar garden subscribers and utility companies in Colorado.

Official Summary

Current law requires an electric retail utility (utility) to offer a net metering credit as the means of purchasing output from a community solar garden (CSG) located within the utility's service territory and establishes the means of calculating the net metering credit. The act maintains that calculation if the CSG indicates to the utility that the CSG's subscribers' bill credits change annually. However, if the CSG indicates to the utility that the CSG's subscribers' bill credits remain fixed, the act provides a different calculation for determining the net metering credit. The public utilities commission shall allow a utility to recover costs incurred in implementing and maintaining the net metering credit billing systems. APPROVED by Governor April 17, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. (Note: This summary applies to this bill as enacted.)

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