Texas Utilities Code

§ 39.3555 — REGISTRATION OF BROKERS

UT § 39.3555Title 2. PUBLIC UTILITY REGULATORY ACT · Part B. ELECTRIC UTILITIES · Ch. 39. RESTRUCTURING OF ELECTRIC UTILITY INDUSTRY · Art. H. CERTIFICATION AND REGISTRATION; PENALTIES

Statute text

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(a)In this section, "brokerage services" means providing advice or procurement services to, or acting on behalf of, a retail electric customer regarding the selection of a retail electric provider, or a product or service offered by a retail electric provider.

(b)A person may not provide brokerage services, including brokerage services offered online, in this state for compensation or other consideration unless the person is registered with the commission as a broker.

(c)A retail electric provider may not register as a broker. A broker may not sell or take title to electric energy.

(d)A retail electric provider may not knowingly provide bids or offers to a person who:

(1)provides brokerage services in this state for compensation or other consideration; and

(2)has not registered as a broker with the commission.

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Legislative history

Added by Acts 2019, 86th Leg., R.S., Ch. 1373 (S.B. 1497), Sec. 1, eff. September 1, 2019.