The Home Energy Affordability Act would amend federal utility regulation law to require states to consider limiting how often electric utilities can request rate increases. Specifically, the bill would restrict electric utilities to filing for retail rate increases no more than once every 365 days. This change would apply to state-regulated electric utilities across the country. The legislation aims to provide consumers with more predictability and stability in their electricity bills by preventing utilities from seeking multiple rate increases within a single year. The bill does not specify funding requirements or implementation timelines beyond the annual filing restriction.
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