VA HB884

Reduces the maximum electricity bill payment cap under the Percentage of Income Payment Program (PIPP) from 6% to 3% of household income for non-electric heating households, and from 10% to 5% for electric heating households

Establishes eligibility for PIPP at households with income at or below 200% of federal poverty guidelines, effective January 1, 2027

Maintains annual cost caps of $25 million for Phase I Utilities and $100 million for Phase II Utilities for program implementation

Requires the Department of Social Services to update PIPP rules and guidelines by January 1, 2027 to reflect the new eligibility requirements

Delays the effective date of the amended provisions to January 1, 2027