May 5, 2023
Energy Advisor 5 Acquires Two Broker/Consultants From NRG Energy
5, an energy advisory and management firm, announced its acquisition of BidURenergy (BUE) and NRG Advisory Services from NRG Energy, Inc.
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May 4, 2023
Constellation Reports "Strong" Performance Led By Commercial Energy Business, Says Customers Came To Supplier Due To Volatility
Constellation Energy Corporation today reported its financial results for the first quarter of 2023
May 2, 2023
New York PSC Opens Proceeding To Examine Rules Prohibiting ESCOs & Utilities From Engaging In Detrimental Conduct Towards Residential Customers
The New York PSC has assigned Case 23-M-0229 for a rulemaking captioned: "In the matter of Rules and Regulations of the Public Service Commission, Contained in 16 NYCRR, Part 11.33 Prohibition of Utilities Engaging in Detrimental Conduct Towards a Residential Customer."
April 28, 2023
Renewables-Focused Private Equity Firm To Acquire Majority Stake In Retail Supplier, Solar Provider
Providing Additional $100 Million For Developing, Acquiring Solar Projects As Green "Gentailer"
True Green Capital Management LLC ("TGC"), which describes itself as a renewable energy infrastructure investment firm, and CleanChoice Energy ("CleanChoice") announced that they have signed definitive documentation for TGC to acquire a majority ownership in CleanChoice and provide dedicated capital…
April 26, 2023
Start-up ESCO Receives Finding That Initial New York Eligibility Requirements Have Been Met
New York Department of Public Service Staff have informed Electree LLC that all requirements for Electree's initial state of its eligibility determination as an ESCO have been satisfied
April 26, 2023
New York ESCO Asks PSC To Include Utility Price To Compare On ESCO Customer Utility Consolidated Bills
Electree LLC, a start-up ESCO (see background here) , has asked the New York PSC to include the utility's price to compare on the bills of ESCO customers billed under utility consolidated billing at ConEd.
April 24, 2023
Retail Supplier Launches In ISO-NE, Also Undergoes Rebranding
SmartestEnergy US announced that it has launched in the ISO New England region, initially with service at Connecticut Light and Power, United Illuminating, and National Grid (Massachusetts), serving medium and large C&I customers on fully fixed products
April 20, 2023
New York PSC Changes How Tier 1 Clean Energy Obligation Assigned To, & Collected From, ESCOs
The New York State Public Service Commission (Commission) today approved changes to Tier 1 of the Clean Energy Standard (CES) to transition the Tier 1 Renewable Energy Standard (RES) compliance obligation for Load Serving Entities (LSEs) away from the current predetermined percentage-based approach…
April 18, 2023
Retail Supplier Affiliate Breaks Ground on Community Solar Project in NY
Genie Solar Energy, a unit of Genie Energy Ltd., today broke ground on construction of a four megawatt (MW) community solar array in Perry, NY.
April 14, 2023
New ESCO Formed By Large Generator To Serve Opt-Out Aggregations Receives Finding That Initial New York Eligibility Requirements Have Been Met
New York Department of Public Service Staff have informed Calpine Community Energy, LLC that all requirements for its initial state of its eligibility determination as an ESCO have been satisfied
April 13, 2023
Retail Supplier Partners With EV Charging Co. to Provide EV Charging for C&I Businesses in the Northeast
Catalyst Power Holdings LLC ("Catalyst", "Company"), which describes itself as an integrated provider of cleaner energy solutions for the commercial and industrial sector, including retail energy supply, is partnering with Blink Charging Co. (Blink), an owner, operator and provider of electric…
March 30, 2023
AEG Shopping Three Retail Energy M&A Opportunities in Texas, PJM, and New York
AEG Affiliated Energy Group Financial announced that it is shopping three retail energy M&A opportunities to prospective buyers
March 29, 2023
Via Renewables Reports RCE Count, 4Q And Annual Earnings
Via Renewables, Inc. ("Via Renewables" or the "Company") today reported financial results for the year ended December 31, 2022
March 29, 2023
Retail Energy Veteran Leading New Start-up New York ESCO
Start-up Electree LLC filed a retail access application form for eligibility as an ESCO in New York.
March 27, 2023
Retail Supplier Affiliate Acquires Rights To New 6.25 Megawatt Community Solar Site In Upstate New York
Genie Renewables ("GREW"), a division of Genie Energy Ltd. announced that it has acquired site rights to a community solar generation site in Upstate New York.
March 21, 2023
Retail Supplier Seeks Initial Decision Against Utility Over Alleged Continuation Of Billing Errors
Agway Energy Services, LLC ('Agway') filed at the New York PSC a request for an Initial Decision with respect to its formal dispute with Central Hudson Gas and Electric Corporation concerning the provision of accurate billing data
March 15, 2023
Retail Supplier Announces Community Solar Project
Catalyst Power Holdings LLC ("Catalyst Power"), which positions itself as an integrated retail energy and distributed energy solutions provider, announced that it, "is partnering with the Gates Historical Society for a new 1.4MW community solar farm in Rochester [NY]."
March 14, 2023
New York DPS Staff Proposes Deadline For Brokers/Consultants To Register With PSC Under New Law
Staff of the New York Department of Public Service have proposed changes to the uniform business practices to implement New York's recently passed law which imposes new regulations on brokers and consultants, including a registration requirement, financial surety requirements, and requirements…
March 2, 2023
New ArcLight Retail Supplier Launches Service In Texas, Announces Expansion To Other States
OnPoint Energy, the new retail energy supplier formed by ArcLight Capital Partners has officially launched service in Texas, and has indicated that it will be expanding to several additional markets
March 1, 2023
Vistra (TXU Parent) "Held Strong Margins" While Growing Texas Customer Count
Overall Residential Count Lower On "Value-Accretive Exits" In Select Northeast Markets
In reporting earnings for the fourth quarter and full-year 2022, Vistra Corp. said that it, "held strong margins while growing Texas residential customer counts by almost 2% year-over-year."
February 17, 2023
New York Revokes Eligibility Of Several ESCOs
The New York PSC revoked the eligibility of several ESCOs
February 16, 2023
Constellation Announces Capital Allocation Strategy, Reports Earnings
In reporting earnings, Constellation announced its capital allocation strategy for 2023 and 2024
February 6, 2023
Retail Supplier Launches New Network Marketing Channel, Names VP
Think Energy, LLC announced the launch of the newly rebranded ThinkEnergy.com and multiple new sales channels including a customer referral program called the Free Energy Club and a network marketing sales channel called Think+.
January 19, 2023
New York PSC Adopts Price Limits For Municipal Aggregation Rates, Except For "Renewable" Products
PSC Doesn't Directly Address Opt-Out Community Distributed Generation (Pending In Another Case), But Directs Proposal For Statewide Solar For All Program As Potentially Superior To Opt-Out CDG
January 19, 2023
Texas-based Broker Acquires New York-Based Energy Consultant
CSD Energy Advisors, a Texas-based energy management solutions provider, announced that it has further expanded into the national retail energy market with the acquisition of New York-based Novo Energy Services, a broker, energy consulting, and advisory firm operating out of New York City, Cape Cod…