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Texas Senate Approves Bill To Re-Price ERCOT Energy, Ancillary Services Prices
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The Texas Senate has approved SB 2142, a new bill just filed today, that would order the PUC to re-price ERCOT wholesale power and ancillary services prices for the period beginning 11:55 p.m., February 17, 2021,
and ending 9 a.m., February 19, 2021
Senators emphasized that the bill represents the correction of a billing error, due to ERCOT not following the PUC's direction on when administrative pricing at $9,000 per MWh should end, as the PUC's order said that such pricing shall end when load shed ends.
The bill was passed to engrossment, final passage was approved, and the bill has been reported as engrossed, with a typical constitutional 3-day rule suspended
The bill now moves to the House
Specifically, the text of SB 2142, as filed, provides, "The Public Utility Commission of Texas
shall order the independent organization certified for the ERCOT
power region under Section 39.151, Utilities Code, to correct the
prices of wholesale power and ancillary services sold in the ERCOT
market during the period beginning 11:55 p.m., February 17, 2021,
and ending 9 a.m., February 19, 2021, to reflect the prices of
wholesale power and ancillary services that would have been paid in
the ERCOT market during that period absent any action of the
independent organization or commission to raise prices."
"By the order described [above], the Public Utility Commission of Texas shall require the
independent organization to issue all orders and take all other
actions necessary to correct the prices not later than March 20,
2021," SB 2142 provides
The bill states, "there is a compelling public interest in
correcting the prices of wholesale power and ancillary services
sold in the ERCOT market during the period beginning 11:55 p.m.,
February 17, 2021, and ending 9 a.m., February 19, 2021."
The bill states, "the Public Utility Commission of Texas has all
necessary authority under Section 39.151(d), Utilities Code, to
order a correction of prices of wholesale power and ancillary
services sold in the ERCOT market during the period described by
Subdivision (1) of this section in accordance with this Act."
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March 15, 2021
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Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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