relative to rebates to ratepayers from the renewable energy fund.

HB 224 establishes a renewable energy fund to support solar, thermal, electrical, and offshore wind initiatives in New Hampshire. Any excess funds in the renewable energy fund - after covering program costs, administrative expenses, and specific initiatives like offshore wind development - must be rebated to all electricity customers in the state. The rebates are calculated based on each customer’s kilowatt-hour usage and distributed promptly. This policy directly affects all residential and commercial electricity ratepayers by returning unused program funds to their bills. The bill modifies existing law to ensure continuous funding for renewable programs and automatic rebates when surplus funds exist.