Bill Text: TX HB16 | 2021-2022 | 87th Legislature | Comm Sub
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the regulation of certain retail electric products.
Spectrum: Bipartisan Bill
Status: (Passed) 2021-05-26 - Effective on 9/1/21 [HB16 Detail]
Download: Texas-2021-HB16-Comm_Sub.html
Bill Title: Relating to the regulation of certain retail electric products.
Spectrum: Bipartisan Bill
Status: (Passed) 2021-05-26 - Effective on 9/1/21 [HB16 Detail]
Download: Texas-2021-HB16-Comm_Sub.html
87R13740 CXP-F | |||
By: Hernandez, Paddie, et al. | H.B. No. 16 | ||
Substitute the following for H.B. No. 16: | |||
By: Howard | C.S.H.B. No. 16 |
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relating to the sale of wholesale indexed products by retail | ||
electric providers. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter C, Chapter 39, Utilities Code, is | ||
amended by adding Section 39.110 to read as follows: | ||
Sec. 39.110. WHOLESALE INDEXED PRODUCTS PROHIBITED. (a) | ||
In this section, "wholesale indexed product" means a retail | ||
electric product in which the price a customer pays for electricity | ||
includes a direct pass-through of real-time settlement point prices | ||
determined by the independent organization certified under Section | ||
39.151 for the ERCOT power region. | ||
(b) A retail electric provider may not offer a wholesale | ||
indexed product to a residential customer. | ||
SECTION 2. Not later than December 1, 2021, the Public | ||
Utility Commission of Texas shall adopt any rules necessary to | ||
enforce Section 39.110, Utilities Code, as added by this Act. | ||
SECTION 3. This Act takes effect immediately if it receives | ||
a vote of two-thirds of all the members elected to each house, as | ||
provided by Section 39, Article III, Texas Constitution. If this | ||
Act does not receive the vote necessary for immediate effect, this | ||
Act takes effect September 1, 2021. |