Bill > SB1279

This bill amends the Utilities Code to prohibit retail electric providers, aggregators, and brokers from offering "wholesale indexed products" to residential and small commercial customers, as these products directly pass through real-time fluctuations in wholesale electricity prices to consumers. The bill requires these entities to obtain a signed acknowledgment from other customers before enrolling them in such products, outlining the potential price risks. Additionally, the bill modifies notice requirements for the expiration of fixed-rate electricity contracts, mandating that providers give customers three separate notices during the last third of the contract period. The bill also requires providers to offer a default month-to-month renewal product if a customer does not select a new plan upon contract expiration.

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https://capitol.texas.gov/BillLookup/History.aspx?LegSess=87R&Bill=SB1279