Texas power regulator to cut service fees, no action on repricing

Texas power regulator to cut service fees, no action on repricing

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

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