HomeMay 5, 2021
Another Texas Bill Requiring Default Auto-Renewal Product, Ban Of Wholesale Index Plans, Advances
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A Texas Senate committee has reported favorably a substitute for SB 1279
The bill would require that, for residential customers, retail electric providers shall serve customers on a default renewal product, as established in the bill, if the customer does not make an affirmative selection at the end of a contract term
The bill also bans, for residential and small commercial customers, "wholesale indexed products" as defined in the bill, and requires REPs to obtain a "signed" acknowledgement from the customer of the risks of such products in order to serve large customers under wholesale indexed products
The bill's text is substantially similar to the text, as passed by the Senate, of companion HB 16
See our story here on HB 16 for specific details regarding the new default auto-renewal product and wholesale indexed product ban, as the provisions in SB 1279 are substantially similar to those in our prior story
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