Relating to: a cap on rate increases for retail electric service.

This bill would limit how much electric utility rates can increase for retail customers, capping annual rate hikes at 5 percent. It directly affects Wisconsin retail electric service providers and their customers by establishing a statutory ceiling on rate increases. The legislation creates a new provision in state statutes that would prevent the public service commission from approving rate increases exceeding this threshold. The bill would take effect on January 1, 2029, after repealing an existing provision that is scheduled to be removed on that date.