| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 87R12230 BRG-D | |
| 2 | 2 | By: Crockett H.B. No. 3166 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to wholesale electricity prices in the ERCOT power region | |
| 8 | 8 | during and after a state of disaster. | |
| 9 | 9 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 10 | 10 | SECTION 1. Subchapter D, Chapter 39, Utilities Code, is | |
| 11 | 11 | amended by adding Section 39.159 to read as follows: | |
| 12 | 12 | Sec. 39.159. WHOLESALE ENERGY MARKET PRICE CAP. During a | |
| 13 | 13 | state of disaster declared by the governor under Chapter 418, | |
| 14 | 14 | Government Code, in response to an event that causes a power supply | |
| 15 | 15 | shortage in ERCOT and for 30 days after the termination of the | |
| 16 | 16 | disaster declaration, the price of wholesale energy sold in a | |
| 17 | 17 | market operated by the independent organization certified under | |
| 18 | 18 | Section 39.151 for the ERCOT power region may not exceed 200 percent | |
| 19 | 19 | of the average peak daily price of wholesale energy sold in the | |
| 20 | 20 | market in the previous 90 days. | |
| 21 | 21 | SECTION 2. This Act takes effect September 1, 2021. |