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Energy Consumer Protection: New Penalties for Gas and Electricity Market Fraud

This act aims to enhance energy consumer protection by introducing stricter penalties for companies and individuals who manipulate the electricity and natural gas markets. This means citizens can expect greater price stability and fairness in energy trading, directly impacting their bills and service availability.
Key points
Authorities can prohibit companies and individuals who commit fraud in the electricity market from buying or selling electricity, energy products (like transmission rights), and transmission services.
A ban has been introduced on willfully reporting false information about natural gas transportation or sales to federal or private agencies, to prevent price manipulation.
Authorities can prohibit companies and individuals who commit fraud in the natural gas market from buying or selling natural gas and transmission services.
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Additional Information
Print number: 117_S_4679
Sponsor: Sen. Cortez Masto, Catherine [D-NV]
Process start date: 2022-07-28