HR8947119th CongressWALLET

Utility Hikes Transparency Act

Sponsored By: Representative Vindman, Eugene Simon [D-VA-7]

Introduced

Summary

This bill would create a national, public database called the National Utility Rate Change Tracker to show approved utility rate changes. The Federal Energy Regulatory Commission would have one year to build an online, searchable tracker. Each entry must list the utility, services, State, dollar and percent change to the average residential monthly bill, change to the utility's total revenue, number of customers affected, approval date, docket link, stated reason(s), and the effective date. The tracker must update quarterly and be searchable by ZIP code, address, State, and city. The Commission would use public sources and may enter data-sharing agreements with state regulators. The bill covers gas utilities and electric utilities that sell energy to consumers and requires a plain-language methodology explaining how data are collected and standardized.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

See how utility rates change

This bill would require the Federal Energy Regulatory Commission to set up an online National Utility Rate Change Tracker within 1 year after enactment. The Tracker would list approved and effective gas and electric rate changes and show for each change the utility name, services, State, approval and effective dates, and a docket link. It would report the dollar and percent change to the average residential monthly bill, the impact on the utility's total revenue, and the number of customers affected. The Commission would update the Tracker quarterly (on the last day of each calendar-year quarter), make it searchable by ZIP Code, address, city, and State, and publish a plain-language method explaining how data are collected and standardized. The Commission would use public information and seek data-sharing agreements with State regulators to populate and refresh the Tracker.

Sponsors & CoSponsors

Sponsor

Vindman, Eugene Simon [D-VA-7]

VA • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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