Archive

Daily Email

Events

 

 

 

About/Contact

Search

More ESCOs Seek New York Waiver Authorizing Green Natural Gas Products

May 20, 2020

Email This Story
Copyright 2010-20 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

Several additional ESCOs have petitioned the New York PSC for waivers, or in the alternative declaratory orders, allowing such ESCOs to offer green gas natural gas products notwithstanding the product prohibitions contained in the PSC's December 2019 retail market reset order

As previously reported, for natural gas, ESCOs under the reset order are limited to providing mass market customers with a guaranteed savings (versus the utility) plan, or a fixed rate product that is limited in price to a 12-month trailing average utility supply rate plus a 5% premium. The compliance deadline for such product limits has been extended to August 10, 2020

A green gas product petition for waiver or in the alternative declaratory order was filed by Residents Energy, LLC and IDT Energy, Inc.

A separate green gas petition for waiver or in the alternative declaratory order was filed by Citizens Choice Energy, LLC d/b/a AmeriChoice Energy

In a recent 10-Q, Genie Energy Ltd., the ultimate parent of Residents Energy, LLC and IDT Energy, Inc., describes Citizens Choice Energy, LLC thusly: "Citizens Choice Energy, LLC ('CCE'), is a REP that resells electricity and natural gas to residential and small business customers in the State of New York. The Company [Genie Energy Ltd] does not own any interest in CCE. Since 2011, the Company has provided CCE with substantially all of the cash required to fund its operations. The Company determined that it has the power to direct the activities of CCE that most significantly impact its economic performance and it has the obligation to absorb losses of CCE that could potentially be significant to CCE on a stand-alone basis. The Company therefore determined that it is the primary beneficiary of CCE, and as a result, the Company consolidates CCE within its GRE [Genie Retail Energy] segment."

In both petitions, details concerning the green gas programs were filed under seal

ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com:
NEW! -- Pricing Analyst -- Houston
NEW! -- Senior Energy Intelligence Analyst -- Energy Procurement
NEW! -- Channel Partner Sales Manager -- Retail Supplier
NEW! -- Energy Procurement Manager
NEW! -- Channel Relations Manager -- Retail Supplier

Email This Story

HOME

Copyright 2010-20 Energy Choice Matters.  If you wish to share this story, please email or post the website link; unauthorized copying, retransmission, or republication prohibited.

 

Archive

Daily Email

Events

 

 

 

About/Contact

Search