HB 16 by Hernandez: Anti-free market regulation on energy retailers

Record Vote: 55

Following Winter Storm Uri, a number of bills were filed to address the effects of the storm. HB 16 is an item targeting retail electric companies that provide power at a wholesale rates, a move that allowed high wholesale rates to be passed on to consumers. Texas is stronger because of the deregulatory actions that have been taken in regard to electricity, HB 16 moves in the opposite direction by regulating a company and potential companies out of business and reducing free market competition.