Texas § UT.39.160 - WHOLESALE PRICING PROCEDURES
Full text of Texas The Texas Constitution § UT.39.160 — WHOLESALE PRICING PROCEDURES, with citation guidance and answers to common questions.
§ UT.39.160. WHOLESALE PRICING PROCEDURES
WHOLESALE PRICING PROCEDURES. (a) The commission by rule shall establish an emergency pricing program for the wholesale electric market. (b) The emergency pricing program must take effect if the high system-wide offer cap has been in effect for 12 hours in a 24-hour period after initially reaching the high system-wide offer cap. The commission by rule shall determine the criteria for the emergency pricing program to cease. (c) The emergency pricing program may not allow an emergency pricing program cap to exceed any nonemergency high system-wide offer cap. (d) The commission by rule shall establish an ancillary services cap to be in effect during the period an emergency pricing program is in effect. (e) Any wholesale pricing procedure that has a low system-wide offer cap may not allow the low system-wide offer cap to exceed the high system-wide offer cap. (f) The commission shall review each system-wide offer cap program adopted by the commission, including the emergency pricing program, at least once every five years to determine whether to update aspects of the program. (g) The emergency pricing program must allow generators to be reimbursed for reasonable, verifiable operating costs that exceed the emergency cap. Added by Acts 2021, 87th Leg., R.S., Ch. 426 (S.B. 3 ), Sec. 18, eff. June 8, 2021.
Frequently Asked Questions About Texas § UT.39.160
What does The Texas Constitution § UT.39.160 cover?
Section UT.39.160 ("WHOLESALE PRICING PROCEDURES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § UT.39.160?
A common citation format is "The Texas Constitution § UT.39.160" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § UT.39.160 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.