The Affordable Electricity Rates Act of 2026 aims to ensure that electricity rates set by the Federal Energy Regulatory Commission (FERC) are affordable for consumers. The main objective is to make sure that when FERC evaluates electricity rates, it takes into account how those rates will impact the affordability of electricity for everyday consumers. One of the key provisions of this legislation is that FERC must consider whether a proposed rate will lead to retail electricity prices that consumers cannot afford.