Energy Choice
                            

Matters

New York Considers "Standard" Product Required To Be Offered By ESCOs

April 30, 2015

Email This Story
Copyright 2010-15 EnergyChoiceMatters.com
Reporting by Karen Abbott • kabbott@energychoicematters.com

The New York PSC issued a discussion document drafted by Staff in advance of a previously reported technical conference on ESCO eligibility requirements (licensing), and one of the considerations is the development of a standard product or products required to be offered by ESCOs

The Staff list of issues for the technical conference states under "Certain Standard Products":

"ESCOs that offer a fixed price product could be required to offer one or more products which conform to a standard product definition. A standard fixed price product would make it much easier for consumers to compare products and services, thereby facilitating vigorous competition. Should consideration be given to a proposal requiring ESCOs that offer fixed prices to residential and small non-residential customers to structure an offer in a standardized product? If so, should the product include:

a. A fixed term, and if so, how long?

b. A single per unit rate?

c. A specific early termination fee, and if so, how much?

d. No additional supply products or requirements bundled into the price? and/or

e. Unless the customer agrees in writing to an extension, at the end of the term the contract reverts to a variable priced product with no early termination charge?

What other standardized products should also be considered? Note that ESCOs would continue to be encouraged to offer additional products and services, including innovative services with energy management and other distributed energy resources (DER) attributes."

Related Stories Today on NY ESCO Licensing Review:

N.Y. Considers Licensing Energy Brokers, Requiring Supplier-Broker Agreements To Be Filed With PSC

Retail Energy "Self-Regulation" Coming to New York?

N.Y. Mulls Greater Financial Fitness, Risk Management Experience for ESCO Licenses, License Fee Also Floated

N.Y. Weighs Placing Additional Requirements on ESCOs With High Complaint Rates

Standard Distributed Energy Sales Agreement, Creditworthiness Among Issues To Be Considered By N.Y. PSC in Licensing Distributed Resource Providers

Case 15-M-0127

ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Pricing Analyst -- Retail Supplier
• NEW! -- Senior Energy Supply Analyst -- Retail Supplier -- Houston
• NEW! -- Vice President, Commercial Sales -- Retail Provider -- Houston
• NEW! -- Regional Sales Manager-Mass Markets -- Retail Supplier -- Houston
• NEW! -- Special Billing Analyst -- Retail Provider -- Houston
• NEW! -- Market Relations Analyst -- Retail Supplier -- Houston
• NEW! -- Billing Analyst -- Retail Supplier -- Houston
• NEW! -- Account Manager -- Houston
• NEW! -- Director of Operations -- Retail Supplier -- Houston
• Operations Analyst -- Retail Supplier
• Analyst, Residential Pricing and Analysis -- Retail Supplier -- Houston
• Regional Sales Manager --Retail Provider -- Dallas, TX