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The American Renewable Energy Act of 2024 establishes a federal renewable electricity standard requiring retail electricity suppliers (utilities selling over 1 million megawatt hours annually) to submit renewable electricity credits representing an increasing percentage of their sales from 2025 through 2034. The bill requires that a portion of these credits come from distributed generation (small-scale renewable installations) and renewable projects in impacted communities, with percentages rising from 15% to 20% over the compliance period. The Federal Energy Regulatory Commission would promulgate regulations to implement and enforce the standard, which covers wind, solar, geothermal, biogas, qualified hydropower, and marine energy sources.
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