The New York State Senate has passed Senate Bill S.1194-A aimed at enhancing consumer protection by requiring gas and electric corporations to notify customers 45 days prior to any rate increase. Sponsored by Senator Joseph Addabbo, the bill seeks to mitigate the financial stress of sudden rate hikes that disproportionately affect households and businesses. By providing adequate notice, customers can better prepare for upcoming changes and express concerns. This legislation is a significant step toward ensuring utility transparency and accountability, pending review by the New York State Assembly.
New Yorkers deserve fair notice when their utility costs are expected to increase. Customers have seen significant rate increases, many without notice. This is unacceptable.
Currently, utilities can increase rates without adequate warning, often leading to confusion and financial hardship for consumers. This bill will address this gap.
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