To Stop Bad Behavior, RESA President Encourages Regulators To Ban, From The Market, Retail Suppliers Who Violate Rules
Urges Suppliers: If You See Bad Behavior, "Call It Out"
May 17, 2019 Email This Story Copyright 2010-19 EnergyChoiceMatters.com
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During a panel at DNV GL's Energy Executive Forum, Matt White, General Counsel at IGS Energy and President of the Retail Energy Supply Association, said that regulators have not enforced retail energy rules vigorously enough, and that banning one or two suppliers for violations would shut any abusive behavior down quickly.
"They're not enforcing the rules, they're just creating rules," White said
"Going out and taking a couple suppliers who are abusing the market, and saying, 'sorry guys' -- and not a $50,000 fine, not a $100,000 fine -- say, 'you're out of this market, you're out' -- it takes one or two times to do that to a retail suppler in the market, that stuff gets shut down. And that's way more effective ... I would really encourage any regulator out there to take a look at your docket and say, 'where can we really come down on a supplier and send a message to the market that we have to be doing things the right way,'" White said
White said that such rule enforcement in other industries has led to such other industries' growth.
"I would hope that, that starts to happen in our industry as well," White said
White also encouraged retail suppliers to "call out" any bad behavior from competitors or agents
"Don't just sweep it under the rug," White said
White said that there may be fears that calling out bad behavior will bring negative attention to the industry, but he said that it's worse for the industry for such actions to first become known through media coverage, rather than suppliers' proactive stance against such behavior