Texas Electricity Brokers Are Now Required to Register with the State PUC

Texas electricity brokers are now required to register with the State's Public Utility Commission. SB 1497 was recently signed by Governor Greg Abbott and defines brokerage services as "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." The bill notes that brokers may not sell or take title to electric energy. There will be no fee to register and the bill will go into effect on September 1, 2019.

Have questions about SB 1497 or need clarifications on the bill's ramification? Contact us today for more information.