Affordable Electricity Rates Act of 2026

The Affordable Electricity Rates Act of 2026 amends the Federal Power Act to require the Federal Energy Regulatory Commission (FERC) to evaluate whether electricity rates are affordable for consumers when determining if they are "just and reasonable." The bill establishes a presumption that rates are unaffordable if they are likely to cause retail electricity prices to increase by 5 percent or more. If FERC determines that a rate is unaffordable under these criteria, it cannot be approved as just and reasonable. This legislation directly affects electric consumers by introducing affordability as a mandatory factor in federal rate-setting decisions for wholesale electricity markets.