U.K. Retail Supplier Backed By Japanese Conglomerate Entering U.S. Market
Name Similar To Existing, Non-affiliated U.S. Retail Supplier
April 10, 2019 Email This Story Copyright 2010-19 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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SmartestEnergy US LLC applied for FERC electricity market-based rate authority.
In the U.K., SmartestEnergy affiliates offer retail electricity supply to businesses as well as wholesale procurement and trading services. It also offers demand response, peak load management, and electricity storage. SmartestEnergy also offers various services to generators including asset optimization
SmartestEnergy is ultimately a subsidiary of the Marubeni Corporation, a major Japanese integrated trading and investment business conglomerate that handles products and provides services in a broad range of sectors, including energy and metals, power projects and plants, transportation and industry machinery, chemical and forest products, and food and consumer products,
SmartestEnergy US LLC sought MBR authority for the following markets: PJM
Interconnection, L.L.C., New York Independent System Operator, Inc., ISO New England
Inc., California Independent System Operator Corporation, Midcontinent Independent
System Operator, Inc., and Southwest Power Pool, Inc.