An Act relative to fair and stable utility pricing
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill, titled ‘An Act relative to fair and stable utility pricing,’ aims to establish guidelines for how utility companies, particularly in the telecommunications and energy sectors, set their rates. The legislation seeks to ensure that these rates are predictable and transparent for consumers, preventing excessive or sudden increases. It intends to promote stability and fairness in utility pricing practices within Massachusetts.
Key provisions
- Requires utility companies to provide more detailed explanations of their rate-setting processes.
- Establishes a framework for forecasting utility costs to inform rate decisions.
- Mandates regular reviews of utility rates to ensure they remain fair and reasonable.
- Focuses on promoting transparency in utility billing practices.
- Addresses potential rate stabilization mechanisms.
Who is affected
- Consumers of utility services (electricity, telecommunications)
- Utility companies (energy and telecommunications providers)
- The State of Massachusetts
Notable changes
- The bill introduces requirements for increased rate transparency.
- It seeks to establish a more predictable approach to utility rate adjustments.
Bill text
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Sponsors
Official sponsors from legislative records.
3 on record
Primary sponsor
Cosponsors
Steven George Xiarhos
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