Bill Text: TX SB2238 | 2021-2022 | 87th Legislature | Introduced

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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

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87R22033 BRG-D
By: Schwertner S.B. No. 2238

A BILL TO BE ENTITLED
AN ACT
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.