Bill > AB2696

This bill amends various sections of the Public Utilities Code to promote solar energy development and renewable energy resources. It establishes requirements for local publicly owned electric utilities to adopt solar initiative programs, offering monetary incentives for residential and commercial solar energy systems, with declining incentive levels over time. The bill also mandates that these utilities offer standard tariffs for electricity purchased from eligible renewable energy generation facilities, up to a certain capacity, and that these tariffs reflect the value of electricity generated on a time-of-delivery basis. Additionally, it updates provisions related to net energy metering, which allows customers with renewable energy systems to receive credit for electricity they send back to the grid, and clarifies disclosure requirements for electricity suppliers regarding their energy sources. The bill aims to encourage private investment in renewable energy, stimulate economic growth, and contribute to California's clean energy goals.