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Updated: ABACCUS Report Ranks Best Retail Electric Markets
Distributed Energy Financial Group LLC (DEFG) has released its 2014 Annual Baseline Assessment of Choice in Canada and the United States (ABACCUS), which identifies the states that have the most active retail electricity markets in North America.
Related Story Today: ABACCUS Report: "Little Concern" for Retail Providers from "Death Spiral" Facing Traditional Utility Model, If Providers Offer Value-Add to Customers (Commodity-Only Suppliers Face Pressure)
The 2014 ABACCUS Residential Scores and Rank are:
The ABACCUS scores and rankings are based on:
• Market structure, relating to the rights and responsibilities of the market participants
• Default service, relating to the design of the regulated retail electric service that is available during a transition period, and the impact of default service on competitive retail markets
• Transactions, relating to the day-to-day interactions where market participants buy and sell electricity and conduct business with one another
• Facilitation, relating to policies and rules that encourage retail energy providers as they interact with retail consumers and T&D utilities
• Performance, relating to outcomes which indicate whether the market has performed well
The 2014 ABACCUS Commercial/Industrial scores and rank, as well as the full report, can be found on DEFG's website (click here).
"Consumer-driven innovation and product differentiation should be the goal of restructuring; innovation indicates a shift from pure commodity sales to a vibrant retail energy services market," the ABACCUS report says.
Competitive retail energy providers in North America offer new products and services to 17.2 million households in North America, the ABACCUS report said.
According to the ABACCUS report, the number of residential customers taking competitive electric service is as follows:
As a percent of customers, the ABACCUS report lists residential migration to competitive electric service as follows:
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January 22, 2014
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Copyright 2010-13 EnergyChoiceMatters.com
Reporting by Karen Abbott • kabbott@energychoicematters.com
2014 2014 Prior
Score Rank Rank
Texas 92 1 1
Alberta 71 2 2
Pennsylvania 64 3 3
New York 61 4 4
Connecticut 55 5 5
Maryland 53 6 6
Maine 52 7 9
Illinois 51 8 7
Massachusetts 49 9 11
Ohio 49 9 8
New Jersey 46 11 12
Ontario 45 12 10
District of Columbia 41 13 13
Delaware 36 14 14
New Hampshire 36 14 15
Rhode Island 31 16 16
California 29 17 17
Michigan 27 18 18
Texas 5,854,000
Illinois 3,077,000
Ohio 2,106,000
Pennsylvania 1,877,000
New York 1,389,000
Connecticut 605,000
Alberta 542,000
New Jersey 536,000
Maryland 524,000
Massachusetts 399,000
Maine 214,000
Texas 100.0%
Illinois 68.5%
Ohio 50.2%
Connecticut 43.5%
Alberta 40.0%
Pennsylvania 37.7%
Maine 28.0%
Maryland 26.1%
New York 24.0%
Massachusetts 16.9%
New Jersey 16.0%
District of Columbia 14.6%
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