Trade: business practices; excessively increased pricing for energy products and services during a market disruption; prohibit. Creates new act. TIE BAR WITH: HB 6102'26, HB 6103'26

This bill, known as the Energy Pricing Protection Act, prohibits businesses in Michigan from charging excessively high prices for gasoline, propane, and home heating oil during market disruptions such as severe weather or supply shortages. It defines an excessive price increase as one exceeding 20% unless the seller can prove the hike is due to higher costs or a prior discount, and it applies to these goods for 30 days after the disruption ends. To enforce these rules, the state attorney general can investigate violations, seize assets to prevent their removal, and file class-action lawsuits to recover damages for affected consumers. The legislation also outlines specific procedures for legal demands and limits the time frame for filing such actions to four years.