Bill > SB1411

This bill creates the "Electrical Choice and Competition Law" to establish a competitive retail electricity market in Missouri, allowing commercial and industrial customers to choose their electric suppliers 24 months after August 28, 2026, followed by residential customers 18 months later. The bill requires electric utilities to unbundle their rates, divest generation assets, and provide equal access to their transmission and distribution systems for retail electric suppliers. It establishes a default supply service for customers who do not choose a supplier, with different pricing mechanisms for various customer classes (large, medium, small commercial/industrial, and residential). The legislation creates an Office of Retail Market Development and Oversight to monitor the competitive market, develop customer education programs, and ensure fair practices. Retail electric suppliers must obtain a license from the Public Service Commission, meet financial requirements, and undergo training. The bill also includes provisions for protecting energy assistance customers, managing transition costs, and preventing anticompetitive behavior, with potential civil penalties for violations. Ultimately, the law aims to introduce more choice and competition into Missouri's electricity market while protecting consumer interests.