TXFEB coalition urges Governor Abbott to take additional action on energy pricing

Here is what you need to know

AUSTIN, Texas – A statewide energy coalition, Texans for Fair Energy Billing (TXFEB), formed to advocate on behalf of consumers after February’s historic freeze, warns that more needs to be done to protect Texas consumers from rising energy prices. The coalition’s concerns follow Governor Greg Abbott’s letter instructing the Public Utility Commission of Texas to take steps to reform the Electricity Reliability Council of Texas (ERCOT) grid.

While the Governor’s instructions call for State energy governing organizations to address issues, which are likely to plague Texans going forward, only a few of these suggested actions provide relief for the consumer during and since the February 2021 freeze. TXFEB encourages Governor Abbott to include Energy Pricing in his legislative priorities.

Governor Abbott claimed that “everything that needed to be done to fix our grid was done during Regular Session. However, the Texas Legislature gaveled out without proper protections in place to protect ratepayers against footing the bill for PUCT and ERCOT’s decision to keep scarcity pricing for 32 hours longer than the State’s Independent Market Monitor found was necessary. As a consequence, Texans are left with $3.2 billion in energy debt, which is required to be paid immediately.

Despite the Governor’s legislative priorities, the coalition will continue to advocate for Texas consumers throughout the Special Session and hold discussions with key lawmakers at the state Capitol until changes are addressed. TXFEB hopes to work closely with Legislators to create legislation that focuses on lowering the cap on maximum energy pricing and protecting consumers.

The coalition also intends to provide more effective representation for Texas consumers at the Capitol and make sure the interim charges include a full investigation of State Energy leaders’ actions during the February 2021 freeze.

During the 87th Legislative Session, TXFEB’s petition to reprice the energy market gained the support of more than 13,000 Texans. Additionally, the coalition members sent over 6,000 emails to Texas legislative members and testified in front of several House and Senate committees on behalf of ratepayers, small businesses and utility companies.

Moving forward, TXFEB plans to continue this work by spotlighting everyday Texans’ experiences with winter storm-related energy bills through a coordinated social media campaign to educate ratepayers about the additional costs and their available options.

For those interested in sharing their stories or joining the group’s advocacy efforts, email advocate@txfeb.com.