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Drift Marketplace Seeks Texas Retail Provider Certificate

Uses Subscription, Wholesale Cost Model In New York


May 10, 2018

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Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

The following story is brought free of charge to readers by EC Infosystems, the exclusive EDI provider of EnergyChoiceMatters.com

Drift Marketplace, Inc. applied for an Option 1 Texas retail electric provider certificate

As previously reported, Drift is a retail supplier active in New York offering a subscription model for electricity supply, charging a subscription fee of $1 per week with a pass-through of forward purchased wholesale costs optimized for the customer based on algorithms and models, statistics, and machine learning and AI to create more accurate forecasts.

Drift Marketplace in its application did not seek to receive authority to have the option of collecting deposits or advance payments from customers

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