Texas to Revisit Retail Electric Provider Certification Requirements October 26, 2012 Email This Story Copyright 2010-12 Energy Choice Matters
The Public Utility Commission of Texas said yesterday that it would revisit the certification requirements of retail electric providers.
Specifically, Commissioners agreed that in light of the approved increases in the ERCOT high price cap to $9,000 (see related story for details), the REP certification rules should be revisited, due to increased risk from the higher caps.
A review of the REP certification requirements in light of increased price caps had been first proposed by Brattle, as first reported by Matters.
The certification rules were extensively reviewed and revised in 2008-2009, in response to the 2008 congestion-related defaults.
Those revisions, however, notably granted existing (at the time) retail electric providers 12 months to comply with the revised rules, including new financial standards