H.B. No. 2908 has been introduced into the Texas legislature and would provide as follows:

(a) The commission [PUC] and the ERCOT independent system operator shall adopt rules, operating procedures, and protocols to eliminate or compensate for any distortion in electricity pricing in the ERCOT power region caused by a federal tax credit provided under 26 U.S.C. Section 45 [relating to credits for wind and certain other generation].

(b) Rules, operating procedures, and protocols adopted under this section must ensure that costs imposed on the system by the sale of electricity that is eligible for a federal tax credit provided under 26 U.S.C. Section 45, including costs of maintaining sufficient capacity to serve load at the summer peak demand caused by the loss of new investment from below-market prices, are paid by the parties that impose the costs.

(c) In conjunction with adopting rules, operating procedures, and protocols under this section, the commission and the ERCOT independent system operator shall eliminate any rules, operating procedures, or protocols that attempt to adjust electricity prices to reflect the value of reserves at different reserve levels based on the probability of reserves falling below the minimum contingency level and the value of lost load.

The bill was introduced by Rep. Jared Patterson

Separately, another bill was introduced (S.B. No. 1372) which would require the PUC to require wind generators to post a bond or other security with the PUC with such bond conditioning that the person will maintain and decommission the wind-powered generation facility in a manner that protects the environment and the interests of the owner of the property on which the facility is located.

Tags:
Texas   ERCOT   Wind  

Comment on this story


ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com
TPV-SALES-EXECUTIVE -- Back Office Provider -- Other
Sr-Market-Risk-Analyst -- Wholesale Supplier/Trader -- New York - New York City Metro
Head-of-Retail-Operations -- Wholesale Supplier/Trader -- Other
Energy-Regulatory-Specialist -- Other -- Other
More Stories on RetailEnergyX.com:
Company Seeks Texas PUC Approval For 'HVDC' Converter Facilities Connecting ERCOT With WECC Grid
ENGIE Files Complaint Against ERCOT '
Energy Shopping Site Names 2021 'Best Texas Electricity Providers'
Texas Retail Provider Named 'Best Electricity Company In Houston'
Release: 'Most Trusted Brands' Among Texas Retail Electric Providers Named