Trade: business practices; excessively increased pricing for energy products and services during a market disruption; prohibit. Creates new act.

This bill, known as the Energy Pricing Protection Act, prohibits businesses in Michigan from charging excessively high prices for gasoline, propane, and home heating oil during market disruptions such as natural disasters or supply shortages. A price increase is considered excessive if it rises by more than 15% without proof that the hike is due to higher costs or a prior discount. The law applies specifically to private sellers and excludes utilities regulated by state or federal commissions. To enforce these rules, the attorney general or local prosecutors can issue written demands for documents and testimony, with penalties available for non-compliance.