The Texas House chairman signals that he will not support Reuters’ proposal to re-evaluate electricity

© Reuters. FILE PHOTO: Winter weather caused power outages in Houston

(Reuters) – The Texas House chairman signaled Tuesday that he would not support obliging the state’s grid operator to save billions of dollars in electricity prices during a cold spell that weighed on the state’s electricity market.

In a tweet, spokesman Dade Phelan called the proposal “an exceptional intervention in the free market” and one that could have “serious consequences” for consumers. The proposal was passed by the Senate on Monday and also requires a vote in the House of Representatives.

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