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Protecting Against Electricity Price Hikes: New Notification Rules

This act aims to ensure that electricity providers must inform customers about planned price increases in advance. This will give citizens time to prepare and provide feedback, as well as receive clear explanations for the cost increases.
Key points
Electricity providers must notify customers of price increases at least 30 days in advance.
Notifications must include the percentage increase, reasons, impact on bills, and how to provide feedback.
Failure to notify can result in a penalty of up to $10,000 and a halt to the price increase.
The Department of Energy will monitor larger increases (5% or more) and assess their impact on consumers.
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Additional Information
Print number: 118_HR_10018
Sponsor: Rep. Van Drew, Jefferson [R-NJ-2]
Process start date: 2024-10-18