Indiana state lawmakers have passed a new law that aims to lower energy costs for residents. The law, which was authored by State Representative Alaina Shonkwiler, brings major reform to the regulatory process and prioritizes ratepayers.
Key Provisions of the Law
The law expands the use of levelized billing, which allows low-income customers to opt into a program that gives them a flat monthly cost for their energy bills. This will help prevent unexpected spikes in bills and give Hoosiers more control over their energy costs.
Additionally, the law increases protections for struggling Hoosiers by prohibiting service disconnections during the hottest and coldest days of the year. It also requires utilities to offer financial assistance programs to help those in need.
State Representative Ed Soliday, Chair of the House Utilities, Energy and Telecommunications Committee, said that the law will help ensure that utilities are focused on lowering costs and improving service. "With the new ratemaking system and levelized billing options, Hoosiers will have more control over their energy costs and more predictable bills," he said.
The law was a House Republican priority bill and passed the Indiana General Assembly with bipartisan support. It is set to take effect on July 1.
Original reporting: 93.1 WIBC (Indianapolis) — read the source article.
