Establishes limits for electric public utility rate increases for low- and middle-income households.

This bill caps annual electricity rate increases for low- and middle-income households at the rate of inflation (measured by the Consumer Price Index). It defines "low-income" as households earning up to 200% of the federal poverty level and "middle-income" as up to 400% of that level. Utilities must not raise rates for these households beyond the previous year's inflation rate, and violations trigger fines set by the Board of Public Utilities. Utilities must annually report program coverage, financial impact, and improvement suggestions to the Board, which then submits a summary to the Legislature.