(1) Rates and Charges by Resolution. Except as otherwise provided in this Title, the schedules of rates to be charged for the sale of electricity, and charges to be imposed for related services, shall be as shown on the Consolidated Fee Schedule adopted by the Municipal Council.

(2) Resale of Power. Except as provided in this Section, the rates fixed by the Municipal Council for the sale of electricity shall be the maximum rates for which electricity may be sold within the City. It shall be unlawful for any person to charge or otherwise resell electrical energy transmitted or distributed by the City of Provo at a rate in excess of that provided by the Municipal Council for the applicable class of service, except for the resale of electricity at fast-charging stations for electric vehicles.

(3) Adjustments. The Municipal Council may by resolution permit the Director of the Energy Department to adjust the actual rates paid by consumers for electricity service where adjustments are made necessary or appropriate because of increases or decreases in the wholesale cost of power purchased by Provo City. A resolution adopted pursuant to this Subsection (3) of this Section may describe terms or conditions pursuant to which the Director may make rate adjustments. The Director shall annually, as part of the City budget process, submit to the Municipal Council a written summary report of all action taken by the Director pursuant to the authority granted by this Subsection (3) of this Section.