Update: Texas Retail Electric Provider Acquires Book Of Customers From REP Whose ERCOT Market Participant Status Was Terminated, But Avoided POLR Drop
March 31, 2021 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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Customers of Texas retail electric provider Volt Electricity Provider LP have been transferred to Ampra Energy
As first reported by EnergyChoiceMatters.com, Texas PUC Staff has alleged that, "On Friday, March 19, 2021, the Electric Reliability Council of Texas (ERCOT) revoked all rights of Volt to conduct activity under the ERCOT Protocols due its failure to cure a material breach of Volt’s standard form market participant agreement with ERCOT. Volt failed to provide required collateral and to timely pay settlement invoices to ERCOT. Additionally, Volt was unable to cure the material breach within the deadline provided by ERCOT."
In a prior statement to EnergyChoiceMatters.com, Volt has said that it was not serving any customers, and therefore no POLR drop would occur. However, the disposition of Volt's customers was not previously known.
Volt has also stated that, "Volt is disputing the ERCOT settlements and calculations and exercising our administrative remedies to address the dispute."
ERCOT, in a PUC filing, noted that, due to the uncured breach, it initiated a mass transition process for Volt's Electric Service Identifiers (ESI IDs) pursuant to ERCOT Protocol Section 220.127.116.11. Such process can be used to transfer customers to a "designated" competitive retailer, and, as noted, no POLR drop occurred.