August 11, 2021
Start-up Retail Energy Supplier Announces Multi-Million Dollar Seed Funding
Branch Energy, which describes itself as a, "tech-powered, green energy provider," announced that it has raised $4.5 million in its seed round
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August 10, 2021
Texas REP Newly Registers Trade Names Shell Energy Retail & Shell Energy Solutions
MP2 Energy Texas LLC recently filed, with the Texas Secretary of State, certificates of assumed business names for the names "Shell Energy Retail" and "Shell Energy Solutions"
August 10, 2021
ERCOT Issues Notice Regarding Anticipated Date For Lifting DGR/DESR Moratorium
ERCOT issued a market notice stating that it anticipates that it will lift the moratorium on interconnection of Distribution Generation Resources (DGRs) and Distribution Energy Storage Resources (DESRs) beginning January 4, 2022.
August 10, 2021
Texas Retail Provider Discloses Estimate Of Minimum Expected Proceeds From Uplift Financing Program
During an earnings call last week, Genie Energy executives reported that the company expects to receive a minimum of $1.5 million of relief under a Texas financing program which will compensate LSEs for exposure to certain eligible costs above the PUC-authorized system-wide offer cap
August 10, 2021
Microsoft Selects Supplier For Texas Solar PPA
Ørsted and Microsoft Corporation have entered into an agreement for Microsoft to purchase energy from Old 300 Solar Center in Fort Bend County, Texas.
August 10, 2021
Texas Retail Market Vet Launches New Energy Broker
Break Free Power LLC, a start-up, has registered as a Texas electric broker
August 9, 2021
Texas Gov. Names New Commissioner To Texas PUC, Former Regulatory Affairs Director At Competitive Generator
Texas Governor Greg Abbott has appointed Jimmy Glotfelty to the Public Utility Commission of Texas (PUC) for a term set to expire September 1, 2025.
August 6, 2021
NRG Reports Retail Customer Count, Sales & Revenue Data
NRG filed a 10-Q for the period ending June 30, 2021 which includes customer and volume data for its retail business
August 5, 2021
NRG Reports Higher Adjusted EBITDA Excluding Uri Impact, On Direct Energy Acquisition
NRG Reports Impairment Losses Due To Planned Retirement Of PJM Assets
NRG Energy reported Adjusted EBITDA, (excluding Winter Storm Uri impacts), of $656 million for the quarter ending June 30, 2021, up from $574 million a year ago.
August 5, 2021
Large Retail Provider Launches "Energy Bank" Plan: Predictable Monthly Payment & Able To "Bank" Usage Forward
In reporting earnings today, Vistra noted that Ambit recently launched a "first to market" retail energy product called Energy Bank, "providing customers with a predictable monthly payment and the ability to bank energy usage for when they need it the most."
August 5, 2021
Vistra Reports Higher Retail Adjusted EBITDA, Increased Texas Residential Customer Count
Vistra Announces Evaluation Of Strategic Direction, Emphasis On Capital Allocation
Vistra, the parent of TXU Energy and several other retail energy brands, reported second quarter Adjusted EBITDA from its Retail segment of $510 million, $109 million higher than second quarter 2020 results of $401 million, "driven by the execution of Vistra's self-help initiatives following Uri."
August 5, 2021
Texas PUC Staff Says Bill For Reimbursement Financing Program For Costs Above ERCOT Price Cap Contemplates Netting, Cites Floor Remarks From Senate Sponsor
Most Gentailers Oppose Netting; Independent REPs (& OPUC) Support Netting
Calpine Says Any Proceeds Should First Be Allocated To Any Customers Exposed To Such Prices (With Mandated Pass-Through), Regardless Of LSE's Position; With Proceeds To LSEs Themselves Relegated To Second Priority
August 5, 2021
Texas Retail Provider Raises Concerns With Other REP's Sought Use Of Trade Name Cost Plus Power
MP2 Energy Texas LLC has moved to intervene in a Texas PUC proceeding in which Young Energy, LLC filed for an amendment to its retail electric provider certification to, among other things, add the assumed name "Cost Plus Power" to Young Energy's REP certificate
August 3, 2021
Sponsor Of Texas Bill For Reimbursement Financing Program For Costs Above ERCOT Price Cap Tells PUC That "Netting" An LSE's Costs Is Not Authorized Under Law
Texas Representative Chris Paddie sent a letter to the Texas PUC stating his opinion that HB 4492 -- which creates a program to finance Reliability Deployment Price Adder ("RDPA") charges and Ancillary Service costs above the Commission's system-wide offer cap for the period beginning 12:01 a.m.…
August 3, 2021
New Texas "Total Home Energy Management" Platform Includes Retail Electricity Shopping Site, Led By Texas Market Vet
EIQhome, LLC has launched a new digital home energy management platform, EIQhome.com, and says of the platform that, "The EIQhome platform is designed to be the central hub for Total Home Energy Management that includes helping you find the lowest electricity rate for your home, reducing your use of…
August 2, 2021
Texas Retail Providers Say PUC Staff's Proposal On Transmission-Voltage Customer Uplift Financing Opt-Out Impermissibly Changes Process To Opt-In
Several Texas retail electric providers have filed comments with the Texas PUC stating that a proposal from PUC Staff to implement an opt-out process for transmission-voltage customers from the winter event uplift financing program impermissibly changes the process to an opt-in process
August 2, 2021
Start-up Retail Energy Broker Launching, Has Common Ownership With Commodities Brokerage
Source Retail Energy has filed with the Texas PUC an electricity broker registration
August 2, 2021
Start-Up Named PowerToSave LLC Files Texas Broker Registration
PowerToSave LLC, a start-up, has filed with the Texas PUC an electricity broker registration
July 29, 2021
Texas PUC To Consider Whether To Ban All Index Products, And All Products With Ancillary Service Pass-Throughs, For Residential And Small Commercial Customers
As part of a rulemaking to implement recent legislation, the Texas PUC will consider whether to prohibit all index products, and any product with a pass-through of ancillary services, for residential and small commercial customers
July 29, 2021
TXU Launches Surge Protection Offering For Business Customers
Vistra and its flagship retail electricity brand, TXU Energy, announced that they have launched a new surge protection offering targeted to small business customers in Texas
July 29, 2021
Texas Retail Provider Names Market Vet As COO
JP Energy Resources LLC has named Tony Martin as COO
July 28, 2021
Texas Retail Provider Files To Use SmarTricity As Trade Name
Young Energy, LLC filed with the Texas PUC an updated request to amend its REP certificate, in order to add the trade name SmarTricity
July 28, 2021
Texas PUC Staff Propose Retail Providers Be Required To Send Written Notices To Eligible Customers Concerning Uplift Financing Opt-out, REPs Responsible For Reporting Customer Opt-outs To PUC
Staff of the Texas PUC have proposed that retail electric providers be obligated to provide notice to eligible customers of their ability to opt-out of the program to finance Reliability Deployment Price Adder ("RDPA") charges and Ancillary Service costs above the Commission's system-wide offer cap…
July 28, 2021
Texas PUC Staff Formally Propose Rule To Change Definition Of Fixed Rate To Include Ancillary Service Charges
Staff of the Texas PUC have filed a draft proposal for publication containing proposed rule changes to implement HB 16, which generally bans wholesale energy market index plans to mass market customers, and relevant portions of SB 3. The proposal for publication also includes new customer protection…
July 26, 2021
Danish Energy Marketer Entering U.S. Electricity Markets, Sells Minority Stake To Goldman Sachs
In Commodities US, LLC has applied for FERC electricity market-based rate authority