American Renewable Energy Act of 2024

Bill 118 s 5352, also known as the Federal Renewable Electricity Standard Act, aims to make changes to the Public Utility Regulatory Policies Act of 1978. The main goal of this bill is to establish a federal standard for the amount of renewable electricity that retail electricity suppliers must provide to consumers.

Under this proposed legislation, retail electricity suppliers would be required to meet a certain percentage of their electricity sales with renewable sources such as wind, solar, and hydroelectric power. This standard would be gradually increased over time, with the ultimate goal of reducing reliance on fossil fuels and decreasing greenhouse gas emissions.

In addition to establishing the renewable electricity standard, the bill also includes provisions for monitoring and enforcement to ensure that suppliers are meeting the requirements. It also allows for flexibility in how suppliers can comply with the standard, such as through the purchase of renewable energy credits. Overall, the Federal Renewable Electricity Standard Act seeks to promote the use of clean, renewable energy sources in the United States and move towards a more sustainable and environmentally friendly energy system.