Updated: Reported-Out Committee Substitute For Texas House Bill Banning Wholesale Index Plans Published

The text of a committee substitute for Texas HB 16, which as previously reported was reported favorably by the Texas House State Affairs committee, has now been published

The committee substitute does not include substantive changes to the bill

Under the committee substitute, a retail electric provider may not offer a wholesale indexed product to a residential customer, with "wholesale indexed product" meaning, "a retail electric product in which the price a customer pays for electricity includes a direct pass-through of real-time settlement point prices determined by the independent organization certified under Section 39.151 for the ERCOT power region."