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October 26, 2010

Champion Energy Lowers PECO Residential Pricing
Champion Energy Services has lowered its residential pricing at PECO. For Rate R customers, Champion is now offering a 12-month fixed rate of 9.28¢/kWh, which is 1% lower than the Price to Compare effective October 28, and 6% lower than the Price to Compare effective January 1, 2011. The product includes an early termination fee of $10 for each month remaining on the contract. Champion Energy, whose mass market entry was first noted in Matters, was previously offering a rate of 9.42¢/kWh (10/18).

Utility Expense Reduction Officially Launches N.Y. Gas Service
New York ESCO Utility Expense Reduction officially launched service yesterday. The gas supplier has been active for several months, and offers service at ConEd and KeySpan. Utility Expense Reduction is led by Brian Trombino, formerly an independent contractor of GreenLight Energy. Utility Expense Reduction also offers energy audits and various energy efficiency products and services. Utility Expense Reduction declined to discuss additional details regarding its current marketing.

Grueneich Files Tradable REC Alternate
California PUC Commissioner Dian Grueneich filed a proposed alternate decision concerning the use of tradable RECs for RPS compliance that would extend the limit on the use of tradable RECs for RPS compliance indefinitely (R.06-02-012). The alternate does not explicitly address the treatment of electric service providers; however, electric service providers would still be subject to the same REC limits under a proposed decision in R.08-08-009.

StarTex Commits To Not Pass-Through Nodal Charges to Customers
StarTex Power has announced that it will not pass through any costs or charges related to the transition to the nodal market to any of its customers. "As today's zonal market is replaced by the nodal market design, Retail Electric Providers in Texas will be exposed to new types of charges," said Steve Madden, Senior Vice President of Supply for StarTex Power. "They may face the choice of having to pass these charges on to customers or face considerable losses if they have not insured against these risks," Madden said. Though REPs did not file any formal petition, PUCT Commissioners have expressed their belief that, for customers for whom the PUCT definition of fixed price applies (e.g. those under 50 kW), new nodal charges do not fit within the definition of changes in law or regulation which may be passed through, so StarTex's commitment essentially impacts customers above 50 kW not already subject to such protection. "Protecting customers from price risk due to the implementation of the nodal market is another example of our overall business philosophy and approach to providing consistently low rates and great customer service with no surprises," said Bob Zlotnik, President and CEO of StarTex Power.

Usource Reports Higher Sales Margin
Broker Usource recorded sales margin of $1.2 million for the third quarter of 2010, up from $1.0 million a year ago, parent Unitil reported yesterday.

FERC Approves PJM Opportunity Cost Tariff Revisions
FERC accepted PJM's revised tariffs containing specific provisions to include opportunity costs for energy and environmental limitations in mitigated offer prices (EL08-47, Only in Matters, 4/23/10). While the tariffs include a standard definition of opportunity costs, they permit a market participant to submit a request to PJM for an alternative method of calculating its energy market opportunity cost if the standard methodology does not accurately represent the market participant's energy market opportunity cost. Dismissing concerns form the market monitor that such an alternative may give PJM too much discretion, FERC found that providing a method for a resource to propose an alternative method for determining opportunity costs is reasonable, "because some resources may have energy and environmental limitations that do not fit into the standard methodology."

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