Texas SB714 amends electricity pricing rules to address market distortions caused by federal tax credits.

Texas SB714 amends the Utilities Code to establish a Market Distortion Response. The Texas Public Utility Commission and the ERCOT independent system operator must adopt rules, operating procedures, and protocols to eliminate or compensate for any distortion in electricity pricing caused by federal tax credits. These rules must ensure that costs imposed on the system by the sale of electricity eligible for federal tax credits are paid by the parties that impose the costs.

Texas SB714 amends electricity pricing rules to address market distortions caused by federal tax credits.

Texas SB714 amends the Utilities Code to establish a Market Distortion Response. The Texas Public Utility Commission and the ERCOT independent system operator must adopt rules, operating procedures, and protocols to eliminate or compensate for any distortion in electricity pricing caused by federal tax credits. These rules must ensure that costs imposed on the system by the sale of electricity eligible for federal tax credits are paid by the parties that impose the costs.