Oregon Moves to Ban Power Companies From Raising Rates During Peak Winter Months
A new energy bill that bans utility companies from introducing increases during peak winter months has been given the nod by Oregon lawmakers and now heads to the Governor’s desk for signature.
The Act Protects Consumers From Steep Rates Hikes
The new legislation mandates power utilities to provide regular reports regarding expected rate increases and has been welcomed by Multnomah County Chair Jessica Vega Pederson.
She says the legislation will safeguard Oregonians from having power supplies shut off unexpectedly, and protect them from steep rate hikes.
With rates increasing by nearly 50% since 2021, the Fairness & Affordability in Residential (FAIR) Energy Act will protect Oregonians from unfair tariff hikes.
It shields consumers from unexpected increases by empowering regulators to limit the frequency at which utility companies can impose rate increases. It also prohibits the introduction of increases during peak winter months.
As part of the 2025 Energy Affordability Package, the FAIR Energy Act addresses affordability and protects consumers from rising costs.