Bill Text: TX SB2238 | 2021-2022 | 87th Legislature | Introduced
Bill Title: Relating to prices in the wholesale electricity market.
Spectrum: Partisan Bill (Republican 1-0)
Status: (N/A - Dead) 2021-05-03 - Referred to Jurisprudence [SB2238 Detail]
Download: Texas-2021-SB2238-Introduced.html
| 87R22033 BRG-D | ||
| By: Schwertner | S.B. No. 2238 | |
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| relating to prices in the wholesale electricity market. | ||
| 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. 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 $3,000 per megawatt hour. | ||
| SECTION 2. This Act takes effect September 1, 2021. | ||
