What does Preamble of Know Your Rates Act do?

This bill proposes to amend the Public Utility Regulatory Policies Act of 1978. The proposed amendment would establish additional federal standards. These standards would require electric and gas utilities to transmit consumption information to consumers.

What does SHORT TITLE. of Know Your Rates Act do?

This bill is formally titled the Know Your Rates Act.

What does ADDITIONAL INFORMATION TO ELECTRIC CONSUMERS. of Know Your Rates Act do?

This section amends the Public Utility Regulatory Policies Act of 1978 to require electric utilities to provide consumers with additional information. Utilities must establish a program to transmit information regarding rate schedules and energy consumption. Each billing statement must include the difference between the current and previous billing amounts, and the consumer's average monthly consumption in dollars and kilowatt-hours. Utilities must notify consumers of excess daily energy consumption if it exceeds the previous billing period's average, within specified timeframes (days 10 or 20 of a billing period, or a consumer-chosen date). Utilities must offer consumers the option to be notified when they reach a pre-selected dollar amount based on their rate and energy consumption. A 'covered electric utility' is defined as one receiving funding from Federal sources, as determined by the Commission.

What does ADDITIONAL INFORMATION TO GAS CONSUMERS. of Know Your Rates Act do?

This section amends the Public Utility Regulatory Policies Act of 1978 to require gas utilities to provide consumers with information about their gas consumption. Gas utilities must include the difference between the current and previous billing amounts, and the average monthly consumption in therms and dollars, in each billing. Utilities must notify consumers if their average daily gas consumption exceeds the previous billing period's average, within specific timeframes (10th or 20th day of the billing period, or a consumer-chosen date). Utilities must offer consumers the option to be notified when they reach a pre-selected dollar amount based on gas rates and consumption. A 'covered gas utility' is defined as one receiving funding from Federal sources, as determined by the Commission.

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Know Your Rates Act

Last updated: 2/18/2025 · Introduced: 2/18/2025

Author: Josh Gottheimer (D-NJ)

TL;DR (AI)

The Know Your Rates Act amends the Public Utility Regulatory Policies Act of 1978 to require electric and gas utilities receiving federal funding to provide consumers with more detailed information on their billing statements, including comparisons to previous periods and average consumption.
Utilities must notify consumers of unusually high daily energy or gas consumption and offer alerts when consumption reaches a pre-selected dollar amount.
The bill mandates utilities to transmit information regarding rate schedules and energy consumption to consumers.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 2 more.

4 sections

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