January 29, 2014
SHOCK: New York Caps Default Service Rates, Mitigates Non-Shopping Customers' Exposure to Wholesale Price Spikes
In an action which brings back memories of the dark days of retail choice where fledgling markets were hemorrhaging left and right after Hurricanes Katrina and Rita and natural gas prices raced to record highs, the New York PSC has capped the default service electric rates at Niagara Mohawk for…