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Energy Consumer Protection: Stronger Penalties for Manipulating Gas and Electricity Prices.

This Act strengthens federal regulators' ability to penalize individuals and companies that manipulate the electricity and natural gas markets. It introduces the power to permanently or temporarily ban entities that intentionally falsify price data or violate market rules from trading energy. The goal is to protect citizens from unfair practices that lead to inflated bills and supply instability.
Key points
Federal authorities can now prohibit individuals and companies from trading electricity or natural gas if they engage in market manipulation.
A new, explicit prohibition is established against willfully reporting false information regarding natural gas prices and availability.
The changes aim to increase price stability and transparency in wholesale energy markets, indirectly protecting consumer finances.
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Expired
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Additional Information
Print number: 118_S_1410
Sponsor: Sen. Cortez Masto, Catherine [D-NV]
Process start date: 2023-05-03