Regulate Electricity Prices

 

The purpose of this bill is to set a price cap regulation on electricity prices. Doing so will prevent some companies

from building more databases, since databases require an increase in electricity prices. The increase in electricity

prices are due to the massive power demand that strains the existing grid infrastructure which requires expensive

upgrades. If the PUC caps the price, companies are not able to request the PUC to raise it. The cap would be set to

13.45 cents /KWH. If businesses would like to continue with building their databases, the electricity price would be

raised for their company alone.

 

Companies shouldn't be able to raise prices that affect the general public. People in lower classes shouldn't suffer

more so that businesses can prosper. The current electricity price /KWH is at 16.94 cents, which for some people, is

getting harder and harder to pay for- lower income families reporting it takes as much as 30% of their income- which is

why it is necessary to cap that price so that everyone can pay their electricity bills every year. Even though databases

are extremely important for our high technological world, preventing some of them from being created helps our

environment. Databases, now being made with AI, leave a huge carbon footprint in their wake. They generate a large

amount of heat, which requires large amounts of water for cooling systems, evidently destroying our ecosystem.

 

Database- a structured set of data held in a computer, especially one that is accessible in various ways. The type of

database this bill is meant for is databases' based off of artificial intelligence

AI- also known as artificial intelligence, it is a computer system can perform tasks that typically require human

intelligence, such as learning, problem-solving, and decision-making

Minnesota Public Utilities Commission (PUC) - an independent regulatory agency within the U.S. state of Minnesota

responsible for the oversight and regulation of public utilities, including electric, natural gas, and

telecommunications services.

price cap regulation - a form of economic regulation that establishes an upper limit on the prices that a utility

provider can charge.

KWH - kilowatt per hour

companies- mainly referring to companies that actively use and make databases

 

No funding required.

 

If companies wish to use more than 3000 KWH, then their rate would differ and they would get taxed more to pay for the

electricity they use. The PUC has further rules through state laws and commission orders.

 

January 1st, 2027.