|
|
|
|
|
Texas Retail Provider Relinquishing Certificate After Book Sale, Weather Event
The following story is brought free of charge to readers by EC Infosystems, the exclusive EDI provider of EnergyChoiceMatters.com
Energy Monger, LLC, Texas REP certificate number 10276, filed at the Texas PUC to relinquish its REP certificate
"Energy Monger, LLC has stopped serving customers as of 03/22/2021 and does not plan on
serving any customers in the near future," the company said
As exclusively first reported by EnergyChoiceMatters.com, Energy Monger earlier this month informed customers that their contracts are being transitioned to Ampra Energy.
In its filing with the PUC, Energy Monger said, "Energy Monger, LLC has paid all TDSP invoices, and as of 03/23/2021 has no TDSP invoices
outstanding."
"Energy Monger, LLC has mailed or returned all former customer deposits as of 03/23/2021," Energy Monger said
"Energy Monger, LLC has short-paid an estimated $8,514,248.45 as of March 17,2021 related to the
February 2021 winter event. This amount is the sole reason Energy Monger, LLC has elected to
relinquish its certificate and abandon the ERCOT market. This is preceded by 7 ERCOT board members
resigning, the ERCOT CEO being fired, and after all three Texas PUC commissioners being fired or
resigning," Energy Monger said in its filing
"Energy Monger, LLC was hedged approximately 92% based on 10-year weather going into February. As
new customers enrolled and some of our existing residential customer demand increased up to 300% over
normal weather for the February week of $9,000 price spikes and $24,000 peak ancillary prices, it was
apparent we were too new in this market to recover from this financial disaster that was permitted to
happen at the PUC and ERCOT. As of 03/17/2021 the total short-pay in the ERCOT market is $2.9
billion dollars and still no resolution has been made at the PUC or ERCOT that market prices should be
corrected. It is our opinion that there is never any justifiable reason that customers, or any other market
participant, be charged $9,000 per mWh," Energy Monger said in its filing
ADVERTISEMENT Copyright 2010-21 Energy Choice Matters. If you wish to share this story, please
email or post the website link; unauthorized copying, retransmission, or republication
prohibited.
March 24, 2021
Email This Story
Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Senior Analyst - Pricing & Structuring -- Retail Supplier -- Houston
• NEW! -- Director, Pricing -- Retail Supplier
• NEW! -- Sr. Analyst, Structuring -- Retail Supplier
• NEW! -- Account Operations Manager -- Retail Supplier
• NEW! -- ERCOT Billing Specialist -- Retail Supplier -- Texas
• NEW! -- Senior Busines Analyst -- Retail Supplier
• NEW! -- Senior Project Manager -- Retail Supplier
• NEW! -- Lead Data Analyst -- Retail Supplier
• NEW! -- Operations Associate -- Retail Supplier
• NEW! -- Pricing Analyst
• NEW! -- Data Operations Analyst
• NEW! -- Chief of the Planning and Procurement Bureau, Illinois Power Agency
• NEW! -- Energy Operations & Reporting Associate
• NEW! -- Commercial Sales Support Representative -- Retail Supplier
• NEW! -- Channel Partner/Channel Sales Manager -- Houston
• NEW! -- Wholesale Originator -- Retail Supplier -- Houston
• NEW! -- Trading Analyst -- Retail Supplier
• NEW! -- Renewables Trader -- Retail Supplier
• NEW! -- Channel Partner Sales Manager -- Retail Supplier
• NEW! -- Experienced Retail Energy Account Manager
• NEW! -- Sales Channel Manager -- Retail Supplier
|
|
|
|