Stabilizes electric costs for New York consumers, restricts unreasonable rate and fee increases, and establishes additional auditing and enforcement authorities

Summary

The bill caps residential and small‑business electricity rate increases at 2.5% per year unless reliability is at stake, and requires utilities to itemize every charge on monthly bills. It creates an independent audit unit to review utility finances, investigate complaints, and impose penalties, and it establishes a program that gives low‑income customers a bill credit. The goal is to protect consumers from steep, opaque electricity costs.

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