The H.R. 10018, known as the “Protecting Our Wallets from Excessive Rates Act” or “POWER Act,” is a bill in the United States House of Representatives. It requires retail electric utilities to notify consumers at least 30 days before increasing rates, detailing the percentage...
Simple Explanation
The POWER Act is a rule that says electricity companies must tell people at least a month before they make bills more expensive, so everyone knows how much more it will cost and why. If the price goes up a lot, the companies also have to tell a government office, which checks if it’s fair and gives advice on what to do.