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Genie Retail Energy Reports Higher Earnings, Lower Churn

Genie Retail Energy (GRE) reported income from operations of $3.3 million in the quarter ending June 30, 2018 (second quarter), compared to a loss from operations of $9.4 million a year ago. Adjusted EBITDA increased to $3.8 million in 2Q18 compared to negative Adjusted EBITDA of $8.9 million a year…

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Direct Energy Acquires Retail Customer Book

Centrica, the parent of Direct Energy, reported that, in July, it acquired a portion of BP’s US retail marketing operation, which supplies around 100bcf of gas per year to customers in Indiana, Kentucky, Tennessee and Ohio.

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New York PSC Decreases ESCO's ZEC Compliance Obligation

The New York PSC has directed the New York State Energy Research and Development Authority (NYSERDA) to suspend 55% of AP Gas & Electric (NY), LLC's and 16% of AP Gas & Electric (TX), LLC's monthly Zero-Emission Credit (ZEC) compliance obligation payment for the April 1, 2018 through March 31, 2019…

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New York Adopts Guaranteed Savings Requirement As Part Of Allowing Low-Income Customers To Pledge Share of Bill Discount To Pay For Community Distributed Generation

Requires Other Customer Protections PSC Orders Creation Of Loss Reserve Fund, Could Be Used To Offset CDG Developer Losses From Serving Low-Income Customers

The New York PSC has approved a bill discount pledge (BDP) program intended to increase the access of low-income customers to community distributed generation (CDG)

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New York DPS Staff Advances ConEd/O&R Smart Home Automation & Supply Pricing Demonstration Project, Utilities May Proceed With Filing Detailed Implementation Plan

Includes Unique Supply Pricing Mechanisms Versus Standard Default Service

Staff of the New York Department of Public Service have found that a proposed Smart Home Rate REV Demonstration Project filed by Consolidated Edison and Orange and Rockland, for electricity customers, complies with a PSC order on "smart home" rates as well as REV objectives, and directed that the…

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NYISO Region Retail Energy News (Page 51) | EnergyChoiceMatters.com