POWER Act

The POWER Act (HR 1149) requires electric utilities to notify customers at least 30 days before implementing rate increases of 5% or more, detailing the percentage, reasons, bill impact, and feedback options via mail, email, website, and local media. It also mandates utilities to submit detailed rate increase plans to the Department of Energy 60 days in advance, including justification, consumer impact assessments, and proposed mitigation measures. The Department of Energy must review these submissions within 30 days, publish findings, and recommend adjustments or consumer support options like phased increases or financial aid. Utilities face civil penalties up to $10,000 for non-compliance with notification rules, and the Department must monitor post-implementation impacts on consumers and markets. The bill directly affects retail electric utilities (those selling directly to households) and their customers, aiming to increase transparency around rate changes.