Home Energy Affordability Act

This legislative proposal seeks to amend the Public Utility Regulatory Policies Act of 1978, specifically Section 111(d), to address the frequency of retail utility rate increases. It mandates that states consider implementing measures that would restrict electric utilities from requesting a rate increase more than once every 365 days. The core provision directly states that a State regulated electric utility may only file a request to increase a rate with the State regulatory authority once every 365 days . This change aims to provide consumers with more stable and predictable energy costs by preventing utilities from frequently adjusting rates. By limiting the frequency of rate increase requests, the bill intends to enhance consumer protection and affordability in the energy sector.