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Texas PUC Chair Proposes Electricity Relief Program That Would Reimburse Retail Electric Providers, At Standard Rate, For Unpaid Bills Due To Disconnect Moratorium During COVID-19 Emergency

Program To Be Funded Via New TDU Rider Applicable To All Customer Classes

Texas PUC Chairman DeAnn Walker has proposed for consideration at the PUC's upcoming open meeting an Electricity Relief Program that would reimburse retail electric providers for energy charges associated with providing continuity of service to residential customers during a disconnection moratorium…

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TXU Working With Texas PUC, Governor On Bad Debt "Backstop Mechanism"; Recovery Of Bad Debt From Coronavirus Emergency

Vistra CEO Says Bad Debt Could Double Vistra "On The Lookout" For Acquisition Of Stressed Retail Providers

Curt Morgan, Vistra Energy's president and chief executive officer, said during a Wolfe Research fireside chat that Vistra, which owns various retail energy providers in Texas including TXU, is working with the PUC and other stakeholders on a bad debt "backstop mechanism" in light of the current…

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Texas REP Warns PUC Of Bankruptcy Of Several Retail Providers If Pandemic Drags On, Mitigating Actions Not Taken

Seeks Funding For Customer Assistance, Extended Due Date For REP Payments To ERCOT, TDUs Suggests "Market Standard Of Conduct" For REP Prices, Fees During Pandemic Lower Collateral, Loans For REPs Also Suggested

Patrick L. Woodson, President of Texas retail electric provider ATG Clean Energy Holdings, filed a letter with the Texas PUC expressing concern with the strain being placed on the retail market by the ongoing Covid-19 pandemic, and suggested actions to prevent defaults by retail providers, including…

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Wind-Solar Group: Retail Market "Flaw" Of Allowing Insufficiently Creditworthy Retail Suppliers Harms Long-Term Contracting To Support Renewable Development

Says Regulators Should Ensure Retail Suppliers Are "Sufficiently Creditworthy" To Execute Long-Term Contracts

The Wind-Solar Alliance published a report entitled, "Retail Electric Market Structure Reforms In Support Of Resource Adequacy And Clean Energy Deployment," which states "insufficient creditworthiness standards" for retail electric providers in non-ERCOT states, "affect the ability of retailers to…

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ERCOT Region Retail Energy News (Page 122) | EnergyChoiceMatters.com