Stop the Rate Hikes Act

This bill seeks to amend the Public Utility Regulatory Policies Act of 1978 (PURPA) by introducing a new requirement for state regulatory authorities. It mandates that states consider and implement measures designed to limit the frequency of retail utility rate increase requests made by electric utility companies. Specifically, the proposed amendment adds a provision stating that each electric utility shall request no more than one rate increase once per year . This aims to provide consumers with greater stability and predictability regarding their utility costs by preventing multiple rate adjustments within a single year.