What's happening
This bill directs the Public Service Commission to study and report on gas and electric price increases between November 2017 and April 2018.
Why it matters
Identifying Root Causes. By mandating a detailed study into the reasons behind significant energy price spikes, the bill could uncover market failures, supply chain issues, regulatory gaps, or external factors (like weather or infrastructure constraints) that contributed to the increases.
Consumer Protection Implications. The findings and recommendations could lead to new laws or regulations designed to prevent similar sudden price hikes in the future, potentially offering greater price stability and predictability for households and businesses.
Transparency and Accountability. Requiring the Public Service Commission to collaborate with the bulk system operator and publicly report its findings increases transparency in how energy prices are set and could hold utilities or other actors accountable for unjustified increases.
Potential Policy Changes. The report’s recommendations might influence future legislative or regulatory reforms on energy market oversight, price controls, or consumer protections, with broad implications for energy affordability and reliability in New York.
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Who cares
Headline styles
Study Gas, Electric Prices
Plain English, a few words. Used as the page title.
Sponsors
1 Co-sponsor
History
- Referred to corporations, authorities and commissions
- Referred to corporations, authorities and commissions
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
2009
2017-2018 Regular Sessions
IN ASSEMBLY
January 17, 2017
Introduced by M. of A. HEVESI, ABINANTI -- read once and referred to the Committee on Corporations, Authorities and Commissions
AN ACT directing the public service commission to conduct a study on gas and electric supply prices; and providing for the repeal of such provisions upon expiration thereof
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Gas and electric supply price study. a. Within forty-five days of the effective date of this act, the public service commission shall conduct a study in cooperation and consultation with the bulk system operator relating to the cause or causes of increases in consumer prices for gas and electric supply service during the time period commencing on November first, two thousand seventeen and ending on April thirtieth, two thousand eighteen.
b. Upon completion and review of the data in connection with the study, the public service commission shall issue a report to the governor and the legislature which shall include recommendations for statutory and regulatory changes that may be implemented in order to mitigate future such increases in gas and electric supply prices.
c. Such report shall be completed no later than November fifteenth, two thousand eighteen and copies shall be forwarded to the governor, the temporary president of the senate, the speaker of the assembly, the chair of the senate energy and telecommunications committee, the chair of the assembly energy committee and also posted on the department's website.
§ 2. This act shall take effect immediately and shall expire and be deemed repealed November 15, 2018.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD02647-01-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.