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A BILL TO BE ENTITLED
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AN ACT
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relating to prices in the wholesale electricity market. |
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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. The price |
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of wholesale energy sold in a market operated by the independent |
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organization certified under Section 39.151 for the ERCOT power |
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region may not exceed $3,000 per megawatt hour. |
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SECTION 2. This Act takes effect September 1, 2021. |