87R11769 CXP-D
 
  By: Herrero H.B. No. 3494
 
 
 
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 ELECTRIC SERVICE
  PROHIBITED. 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.
         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.