Section 1 Short title
This Act may be cited as the “Home Energy Affordability Act”.
Home Energy Affordability Act
A BILL
To amend the Public Utility Regulatory Policies Act of 1978 to require States to consider measures that limit the amount of retail utility rate increases an electric utility can request to once every 365 days.
Sec. 2 Consideration of measures to cap retail utility rate increases to once a year
Section 111(d) of the Public Utility Regulatory Policies Act of 1978 (16 U.S.C. 2621(d)) is amended by adding at the end the following:
“(22) Cap on retail utility rate increases to once a year—A State regulated electric utility may only file a request to increase a rate with the State regulatory authority once every 365 days.”