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.
Spectrum: Partisan Bill (Democrat 1-0)
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. |