87R11006 CXP-D
 
  By: Ramos H.B. No. 3370
 
 
 
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 RESIDENTIAL SERVICE.
  (a) 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.
         (b)  This section applies only to residential service
  contracts.
         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.