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Texas Bill Limiting Market Share Of Retail Electric Providers (Corporate-Wide) Included In Suite Of Bills Unveiled by Broad Coalition Of Senators For ERCOT Market Reform
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A group of Texas senators have unveiled several bills aimed at ERCOT market reform, and among them is a bill that would cap the market share of a retail electric provider, including those REPs under common ownership
As introduced, among its other provisions, SB 2012 would cap a REP, including a corporate
parent of the REP, at a retail market share of 20% of the customers in the competitive retail market in a power region (e.g. ERCOT)
The bill would require a REP exceeding such market share to file a plan with the PUC to reduce its market share
The bill's text provides as follows:
LIMITATION OF MARKET SHARE SERVED BY RETAIL
ELECTRIC PROVIDER.
(a) A retail electric provider and a corporate
parent of the retail electric provider may not, considered
together, provide retail market service to more than 20 percent of
the customers in the competitive retail market in a power region.
(b) Each retail electric provider that offers electricity
for sale shall report to the commission its annual retail sales in
this state, the annual retail sales in this state by the provider's
corporate parent, and any other information the commission requires
to assess compliance with Subsection (a). The commission by rule
shall prescribe the nature and detail of the reporting
requirements. The commission shall administer the reporting
requirements in a manner that ensures the confidentiality of
competitively sensitive information.
(c) The commission shall require a retail electric provider
that the commission finds is violating Subsection (a) to submit to
the commission a plan for reducing the provider's market share. The
plan must be in a form prescribed by the commission and provide
information the commission finds reasonably necessary to evaluate
the plan.
(d) The commission shall approve, modify, or reject a plan
submitted under Subsection (c) not later than the 180th day after
the date the plan is filed with the commission. In evaluating a
plan for approval, modification, or rejection, the commission shall
consider:
(1) the effect of the plan on current and potential
competitors in the generation market; and
(2) whether the plan is consistent with the public
interest.
(e) A retail electric provider with an approved plan may
request that the commission amend or repeal the plan. The
commission shall amend or repeal the plan on a showing of good
cause.
SB 2012 was authored by Sen. Charles Schwertner and Sen. Phil King, and was included within a suite of bills unveiled by Lieutenant Governor Dan Patrick to address energy market reforms and winter storm Uri. Supporters of the bills include both Republicans and Democrats
This is a breaking news alert. More details on the suite of bills unveiled today will follow
Other bills include:
SB 6
SB 7
SB 2010
SB 2011
SB 2013
SB 1287
SB 2014
SB 2015
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March 9, 2023
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Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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