Bill > HR1412

This bill, known as the Know Your Rates Act, aims to enhance consumer awareness and transparency by requiring electric and gas utilities that receive federal funding to provide more detailed billing information and consumption notifications to their customers. Specifically, the bill mandates that these utilities include in each billing statement the dollar amount difference from the previous billing period and the average monthly consumption in both dollars and energy units (kilowatt hours for electricity, therms for gas). Additionally, utilities must notify consumers if their daily energy consumption exceeds the previous billing period's average within the first 9 or 19 days of a billing cycle. The bill also introduces an optional feature allowing consumers to set personalized alerts when their billing amount reaches a predetermined threshold based on their current service rates. These requirements are designed to help consumers better understand their energy usage, track potential increases in consumption, and make more informed decisions about their energy use. The bill applies to electric and gas utilities that receive federal funding, as determined by the relevant commission, and amends the Public Utility Regulatory Policies Act of 1978 to implement these new consumer information standards.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/1412/all-info