Texas Bill Would Ban Variable, Indexed Electric Rates
Another Bill Would Require Express Consent For Variable Rate Contract, Seemingly Bans Rollovers To Variable Rates
March 5, 2021 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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A bill, HB 2808, has been introduced in the Texas House of Representatives to ban variable and indexed electric rates for residential customers
HB 2808 provides, "The commission [PUC] 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," HB 2808 provides
HB 2808 applies only to residential service contracts.
A separate bill, SB 1012 has also been introduced which would provide that, "A retail electric provider may not enroll a customer
in a variable rate plan without the customer's express consent."
SB 1012 provides that, "The
consent must be given in a manner that indicates the customer
understands that the customer is enrolling in a variable rate plan."
SB 1012 provides that, "The retail electric provider shall provide notice that the plan
includes variable rates in an easily readable font and type size."
SB 1012 further provides that, "A retail electric provider may not offer to a retail
customer a rate plan that allows switching from one rate structure
to another rate structure."
Nothing in the text of SB 1012 limits its requirements to residential customer contracts