Stabilizes electric costs for New York consumers by capping rate increases, restricting fees, and establishing auditing and enforcement authorities.

The bill aims to stabilize electric costs for New York consumers by capping rate increases to no more than 2.5% annually unless necessary for reliability. It restricts hidden and excessive add-on fees, requiring an itemized breakdown on customer bills. The Public Service Commission must pause any rate increase over 2.5% for 180 days for enhanced review. The bill establishes a utility accountability and audit unit to conduct independent audits, investigate complaints, and review executive compensation.

Stabilizes electric costs for New York consumers by capping rate increases, restricting fees, and establishing auditing and enforcement authorities.

The bill aims to stabilize electric costs for New York consumers by capping rate increases to no more than 2.5% annually unless necessary for reliability. It restricts hidden and excessive add-on fees, requiring an itemized breakdown on customer bills. The Public Service Commission must pause any rate increase over 2.5% for 180 days for enhanced review. The bill establishes a utility accountability and audit unit to conduct independent audits, investigate complaints, and review executive compensation.