ESCO Seeks License As Broker/Aggregator
April 18, 2019 Email This Story Copyright 2010-19 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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Drift Marketplace, Inc. applied for a District of Columbia electric broker/aggregator license limited to serving commercial and industrial customers
Drift originally launched as an ESCO in New York providing subscription service under which it passed-through wholesale generation prices, primarily from bilateral contracts, with supplemental purchases as needed.
Drift last year had stated, "Over the course of this year ... the focus of the Company's products and services has shifted from provider of electricity to retail customers to an approach targeting wholesale generators and offering brokerage services between generators and retail suppliers."