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A BILL TO BE ENTITLED
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AN ACT
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relating to variable rate plans offered by retail electric |
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providers. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter C, Chapter 39, Utilities Code, is |
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amended by adding Section 39.1026 to read as follows: |
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Sec. 39.1026. VARIABLE RATE PLANS FOR ELECTRIC SERVICE |
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PROHIBITED. The commission by rule shall require a retail electric |
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provider to offer service under a fixed-price contract. A retail |
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electric provider may not offer a contract for service at a variable |
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rate. |
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SECTION 2. As soon as practicable but not later than |
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December 1, 2021, the Public Utility Commission of Texas shall |
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adopt the rules required by Section 39.1026, Utilities Code, as |
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added by this Act. |
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SECTION 3. This Act takes effect September 1, 2021. |