Bill Text: TX HB3166 | 2021-2022 | 87th Legislature | Introduced
Bill Title: Relating to wholesale electricity prices in the ERCOT power region during and after a state of disaster.
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced - Dead) 2021-03-19 - Referred to State Affairs [HB3166 Detail]
Download: Texas-2021-HB3166-Introduced.html
| 87R12230 BRG-D | ||
| By: Crockett | H.B. No. 3166 | |
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| relating to wholesale electricity prices in the ERCOT power region | ||
| during and after a state of disaster. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter D, Chapter 39, Utilities Code, is | ||
| amended by adding Section 39.159 to read as follows: | ||
| Sec. 39.159. WHOLESALE ENERGY MARKET PRICE CAP. During a | ||
| state of disaster declared by the governor under Chapter 418, | ||
| Government Code, in response to an event that causes a power supply | ||
| shortage in ERCOT and for 30 days after the termination of the | ||
| disaster declaration, the price of wholesale energy sold in a | ||
| market operated by the independent organization certified under | ||
| Section 39.151 for the ERCOT power region may not exceed 200 percent | ||
| of the average peak daily price of wholesale energy sold in the | ||
| market in the previous 90 days. | ||
| SECTION 2. This Act takes effect September 1, 2021. | ||
