87R11769 CXP-D
By: Herrero H.B. No. 3494
A BILL TO BE ENTITLED
AN ACT
relating to variable rate plans offered by retail electric
providers.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter C, Chapter 39, Utilities Code, is
amended by adding Section 39.1026 to read as follows:
Sec. 39.1026. VARIABLE RATE PLANS FOR ELECTRIC SERVICE
PROHIBITED. The commission by rule shall require a retail electric
provider to offer service under a fixed-price contract. A retail
electric provider may not offer a contract for service at a variable
rate.
SECTION 2. As soon as practicable but not later than
December 1, 2021, the Public Utility Commission of Texas shall
adopt the rules required by Section 39.1026, Utilities Code, as
added by this Act.
SECTION 3. This Act takes effect September 1, 2021.