Limiting Utility Rate Hikes to Once a Year
This bill aims to protect citizens from frequent electricity rate increases. If passed, utility companies would only be able to raise rates once a year, providing greater predictability for household expenses and easier budget planning.
Key points
Electric utility companies would be limited to requesting a rate increase no more than once every 365 days.
The change seeks to stabilize energy costs for households and businesses.
Status:
Expired
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