Federal agency would consider if electricity rates are affordable for consumers
This bill would require the Federal Energy Regulatory Commission (FERC) to consider how much electricity rates affect everyday people's budgets. If a proposed rate would increase electricity prices by 5% or more, FERC would automatically assume it's unaffordable. This means FERC could block rates that are too expensive for consumers.
Today, the Federal Energy Regulatory Commission (FERC) does not have to explicitly consider if electricity rates are affordable for consumers when approving them. If this bill becomes law, FERC would be required to consider affordability and would presume rates are unaffordable if they would increase retail electricity prices by 5% or more, blocking such rates from being approved.
S 5306 · 119th Congress · AI Summary by gemini-2.5-flash · 8/10
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