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A BILL TO BE ENTITLED
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AN ACT
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relating to the development and implementation of a wholesale |
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market structure for ERCOT. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 39.151, Utilities Code, is amended by |
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adding Subsections (n), (o), and (p) to read as follows: |
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(n) In developing or implementing a wholesale market |
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structure, an independent organization that is certified under this |
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section may not: |
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(1) directly assign a congestion rent to a buyer or |
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seller of generation output; or |
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(2) base a generation payment on locational marginal |
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pricing. |
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(o) An independent organization that is certified under |
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this section shall establish zonal markets used to determine the |
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market price of a generation product that are sufficient in size to |
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produce effective competition among generation resources. |
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(p) In this section: |
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(1) "Congestion rent" means a pricing element that is: |
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(A) added to the average market price of a |
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generation product; and |
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(B) based on the flow of power between two |
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discrete locations. |
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(2) "Locational marginal pricing" means the |
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calculation of marginal power prices that correspond to individual |
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nodes or locations on the power grids. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2009. |