News: Texas power regulator to cut service fees, no action on repricing.
(Reuters) – The Texan electricity regulator decided on Friday to cut about $ 1 billion in service fees for grid users, but has not taken any action on petitions asking it to cut high electricity prices during a cold snap in mid-February reduce.
According to the state market advisor, the fees related to payment to electricity producers for services that were not provided in mid-February. The Texas Public Utility Commission also ordered the state network operator to extend its deadline for accepting payment disputes related to the freeze from 10 days to 6 months.
Reporting by Gary McWilliams
Original Source © Reuters