A Philadelphia lawmaker announced Friday that she will introduce legislation to cap surge pricing for transportation network companies in Pennsylvania during large-scale events. On June 5, State Rep. Morgan Cephas, D-Phila, said the proposed legislation would limit surge prices set by TNCs, such as Uber and Lyft, to 20% above what a driver is paid for that trip. The lawmaker said currently, fares can rise two to five times the normal rate during large events, such as concerts and sporting events, and drivers receive only a fraction of the fare, “while TNCs receive disproportionate profits.” “These large-scale events limit access to public transportation,” Cephas said. “By raising fares, TNCs are taking advantage of residents who are in a vulnerable position with limited alternatives. According to Uber’s website, when there is high demand, prices may increase to help “ensure that those who need a ride can get one.” Surge pricing, according to Uber, allows the company to “continue to be a reliable choice.” Cephas said the legislation would expand on existing Pennsylvania law that prevents price gouging during declared emergencies. The proposed law is being circulated in the state House for co-sponsorship. “Rideshare transportation has evolved into a critical service for many communities. However, surge pricing turns transportation from a predictable necessity to an unpredictable financial burden. We must keep transportation accessible, predictable and fair,” Cephas said. NBC10 reached out to Uber and Lyft for comment on the proposed legislation. We are waiting to hear back. ...read more read less