| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to the authority of the Public Utility Commission of Texas |
|
|
to implement a temporary price cap in certain situations. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Subchapter D, Chapter 39, Utilities Code, is |
|
|
amended by adding Section 39.1571 to read as follows: |
|
|
Sec. 39.1571. COMMISSION AUTHORITY DURING EXTREME |
|
|
CONGESTION EVENT. The commission by rule shall establish: |
|
|
(1) a method to implement a temporary shadow price cap |
|
|
of $500 per megawatt to prevent retail customers from absorbing |
|
|
unusually high congestion charges during an extreme congestion |
|
|
event; |
|
|
(2) criteria to define an "extreme congestion event"; |
|
|
and |
|
|
(3) a method to determine what unusually high |
|
|
congestion charges are. |
|
|
SECTION 2. This Act takes effect September 1, 2013. |