February 25, 2021
Another REP Asks PUC To Pause ERCOT Protocol Invoice Deadlines
Freepoint Commodities LLC ('Freepoint') filed a Petition for Emergency Relief and requested that the Public Utility of Commission of Texas ('PUCT' or 'Commission') waive Section 9.6(2) of the Electric Reliability Council of Texas ('ERCOT') Nodal Protocols. Freepoint is requesting a waiver that is…
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February 25, 2021
During a Texas House legislative hearing, in response to a question from a lawmaker on the issue, Vistra's president and chief executive officer Curt Morgan suggested that the state may wish to revisit the current 20% market share cap on generation ownership.
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February 25, 2021
Verdigris Energy, LLC filed a letter with the Texas PUC urging the PUC to scrutinize prices for ancillary services during the recent weather event, as Verdigris noted that ancillary services prices were in excess of $20,000/MWh (Docket 51617)
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February 25, 2021
Nexus Power Group announced its formation and backing by Dallas-based family offices.
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February 24, 2021
ERCOT issued a market notice stating, "On February 19, 2021, Qualified Scheduling Entities (QSEs) and Congestion Revenue Right Account Holders (CRRAHs) that were owed monies from ERCOT Settlement Invoices were short-paid as a result of the failure of GRIDDY ENERGY LLC 1 (QSE) and MQE LLC (QSE) to…
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February 24, 2021
PUC Staff Recommend Granting REP's Request To Be Relieved Of Non-Volunteer POLR Obligation
Evolve Retail Energy LLC d/b/a Octopus Energy filed a request at the Texas PUC to be designated a volunteer POLR (aka Voluntary Retail Electric Provider or VREP) for the residential and small commercial customer classes
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February 24, 2021
Young Energy, LLC d/b/a Payless Power requested on an emergency basis that the Public Utility Commission of Texas order the Electric Reliability Council of Texas (ERCOT) to deviate from its protocol deadlines and timing related to settlements, collateral obligations, and invoice payments and suspend…
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February 24, 2021
Moratorium On REP Disconnects For Non-Pay To Last, "Until Legislature Has Time To Act," On Skyrocketing Bills State Is Investigating "Multiple" Electric Providers About Price Spikes
Texas Gov. Greg Abbott said in an address tonight that he and lawmakers are working on "reforms" to add more power to the grid
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February 24, 2021
The executive director of the Texas PUC approved the previously reported application of Gexa Energy, LP to serve as a volunteer POLR (aka Voluntary Retail Electric Provider or VREP)
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February 24, 2021
ERCOT Reports Further Short-Payment Of Invoices, Nearly $30 Million
ERCOT issued a market notice concerning IDR Meter Settlements as follows.
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February 24, 2021
The Public Utility Commission of Texas formally announced today that it has opened, "an investigation into the business practices of Retail Electric Providers whose plans with pricing indexed to the electricity wholesale rate are reported to have inflicted unusually high bills on their Texas…
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February 24, 2021
During an ERCOT board meeting, ERCOT Staff said that it has not, as of this time, defaulted any retail electric providers since the recent weather event
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February 24, 2021
Exelon To Spin-off Its Competitive Retail Supply, Generation Business Into Separate Company; Exelon Will Focus Solely On Regulated Utilities
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February 23, 2021
ERCOT Notes Actions Will Only Provide Limited Financial Support To Address The Market’s Current Liquidity Issues ERCOT Encourages LSEs To Explore All Available Financial And/Or Business Transition Options At This Time
ERCOT Ends Temporary Deviation From Protocol Deadlines & Timing Related To Settlements, Collateral Obligations, & Invoice Payments
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February 23, 2021
Rollover Variable Customers Will Be Charged Last Month's Rate With No Additional Charges
Champion Energy Services today announced that the extreme weather events Texans experienced over the past week, "will have absolutely no impact on the electricity rates for any of its residential customers."
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February 23, 2021
Just Energy Group Inc. ("Just Energy" or the "Company") today made the following statement, "to reassure its residential customers in Texas that they are protected from higher energy rates on their February bills as a result of recent extreme weather (the 'Weather Event')"
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February 23, 2021
Several Texas non-residential customers, which include several cities, (Coalition of Concerned Customers) have filed a letter with the Texas PUC in support of the previously reported request from the Texas Energy Association for Marketers (TEAM) which had asked the PUC to immediately instruct ERCOT…
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February 23, 2021
EDF Energy Services, LLC ('EDF') filed at the Texas PUC a request that EDF be removed as a non-volunteer Provider of Last Resort ('POLR') for Small Non-Residential Customers.
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February 23, 2021
Texas retail provider APG&E said in an update to customers that the company is "financially stable" and that its customers do not need to worry about being transferred to Provider of Last Resort
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February 23, 2021
NRG Energy, Inc. on Feb. 10 announced an initial $10 million commitment to provide relief for Texans impacted by the unprecedented effects of, "Winter Storm Uri."
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February 23, 2021
A lawsuit seeking class action status has been filed against Griddy in Texas state district court in Harris County
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February 23, 2021
Texas Governor Greg Abbott will deliver a televised statewide address on Wednesday, February 24th at 6:02 PM CT.
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February 23, 2021
The Electric Reliability Council of Texas, Inc. (ERCOT) filed with the Texas PUC a notice of the resignation of four Unaffiliated Directors from the ERCOT Board of Directors (Board), and the withdrawal of one Unaffiliated Director candidate from consideration for approval by the Commission to fill…
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February 23, 2021
A staff member of the Public Utility Commission of Texas filed a control number request form (which is a precursor to initiating a proceeding) for the following proceeding: Review of Wholesale-Indexed Products for Compliance with Customer Protection Rules for Retail Electric Service
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February 23, 2021
Provided Customers With Hundreds Of Thousands Of Dollars In Incentives & Rewards To Lower Consumption, Reduce Strain On Grid During The Crisis
Genie Energy said on Feb. 22 that it, "continues to serve its 10,000 customers across Texas with no change in their rates under their current agreements despite the unprecedented price volatility in real-time electricity prices last week."
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