summary
Introduced
03/05/2021
03/05/2021
In Committee
04/23/2021
04/23/2021
Crossed Over
03/31/2021
03/31/2021
Passed
05/13/2021
05/13/2021
Dead
Signed/Enacted/Adopted
05/26/2021
05/26/2021
Introduced Session
87th Legislature Regular Session
Bill Summary
Relating to a prohibition on the sale of wholesale indexed products by retail electric providers.
AI Summary
This bill amends the Texas Utilities Code to prohibit retail electric providers from offering "wholesale indexed products" to residential and small commercial customers. Wholesale indexed products are defined as retail electric products where the price includes a direct pass-through of real-time settlement point prices determined by the independent organization certified for the ERCOT power region. The bill requires providers to obtain a signed acknowledgment from non-residential and non-small commercial customers before enrolling them in a wholesale indexed product, informing them of the potential price risks. The bill also makes changes to notice requirements for the expiration of fixed-rate retail electric products.
Committee Categories
Business and Industry, Government Affairs
Sponsors (27)
Kelly Hancock (R)*,
Ana Hernandez (D)*,
Todd Hunter (R)*,
Chris Paddie (R)*,
Trent Ashby (R),
Angie Button (R),
Jay Dean (R),
Alex Dominguez (D),
Ryan Guillen (R),
Sam Harless (R),
Jacey Jetton (R),
Ben Leman (R),
Ray Lopez (D),
J.M. Lozano (R),
Terry Meza (D),
Ina Minjarez (D),
Eddie Morales (D),
Penny Morales Shaw (D),
Leo Pacheco (D),
Ron Reynolds (D),
Ana-Maria Rodriguez Ramos (D),
Hugh Shine (R),
David Spiller (R),
Phil Stephenson (R),
Ed Thompson (R),
Steve Toth (R),
Erin Zwiener (D),
Last Action
Effective on 9/1/21 (on 05/26/2021)
Official Document
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