Plain English Breakdown
The official source does not specify that the IURC will start reporting annually in 2028, only that it must include information concerning the provision of electric supply service by competitive electricity suppliers to eligible customers of incumbent electricity suppliers beginning in its annual report starting from 2028.
Electric Supply Choice for Large Businesses
This act allows large nonresidential businesses in Indiana to choose their electric supply provider while keeping their current utility company for transmission and distribution services starting July 1, 2027.
What This Bill Does
- Allows eligible customers, which are large nonresidential electricity users, to get electric supply service from a competitive supplier starting July 1, 2027.
- Requires the Indiana Utility Regulatory Commission (IURC) to set rules on how many businesses can switch to a new supplier and when they can start using that supplier.
- Makes sure utility companies give clear bills with detailed charges after June 30, 2027.
- Sets up licensing requirements for competitive electricity suppliers who want to provide service in Indiana.
Who It Names or Affects
- Large nonresidential businesses that use a lot of electricity.
- Electricity supply companies and utility companies in Indiana.
Terms To Know
- Eligible customer
- A large business or group of businesses using more than one megawatt of electricity annually.
- Incumbent electricity supplier
- The main utility company that provides electricity to an area under the Indiana Utility Regulatory Commission's control.
Limits and Unknowns
- It is not clear how many businesses will choose a new electric supply provider.
- The exact rules for switching suppliers and getting licenses are yet to be decided by the IURC.