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A BILL TO BE ENTITLED
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AN ACT
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relating to wholesale electricity prices in the ERCOT power region |
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during and after a state of disaster. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter D, Chapter 39, Utilities Code, is |
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amended by adding Section 39.159 to read as follows: |
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Sec. 39.159. WHOLESALE ENERGY MARKET PRICE CAP. During a |
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state of disaster declared by the governor under Chapter 418, |
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Government Code, in response to an event that causes a power supply |
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shortage in ERCOT and for 30 days after the termination of the |
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disaster declaration, the price of wholesale energy sold in a |
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market operated by the independent organization certified under |
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Section 39.151 for the ERCOT power region may not exceed 200 percent |
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of the average peak daily price of wholesale energy sold in the |
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market in the previous 90 days. |
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SECTION 2. This Act takes effect September 1, 2021. |