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February 26, 2021
During a hearing before a Texas House committee yesterday, ERCOT CEO Bill Magness said that ERCOT is working to obtain a "credit facility" to address invoice timing and related issues facing market participants
February 26, 2021
During a hearing before a Texas House committee, DeAnn T. Walker, Chairman of the Public Utility Commission of Texas, told lawmakers that the PUC currently has authority to prohibit retail electric providers from offering certain kinds of products, and may exercise such authority via rulemaking
February 26, 2021
Start-up retail electric provider Rhythm has acquired a book of Texas electric customers from Entrust Energy and Power of Texas.
February 26, 2021
On Friday, February 26, 2021, ERCOT revoked all rights of GRIDDY ENERGY LLC to conduct activity under the ERCOT Protocols due to a Payment Breach.
February 26, 2021
* This is a breaking news story. Check back for a full report on Vistra earnings later. You may need to refresh your page for the latest update
February 25, 2021
During a Texas House hearing, NRG Energy CEO Mauricio Gutierrez said that retail electric plans that pass-through the real-time wholesale market price, "shouldn't be allowed" in the marketplace for residential customers
February 25, 2021
During a hearing before a Texas Senate committee, DeAnn T. Walker, Chairman of the Public Utility Commission of Texas, said that policymakers need to look at the $9,000 per MWh price cap in the ERCOT energy market
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…
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.
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)
February 25, 2021
Nexus Power Group announced its formation and backing by Dallas-based family offices.
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…
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
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…
February 24, 2021
Texas Gov. Greg Abbott said in an address tonight that he and lawmakers are working on "reforms" to add more power to the grid
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)
February 24, 2021
ERCOT Reports Further Short-Payment Of Invoices, Nearly $30 Million
ERCOT issued a market notice concerning IDR Meter Settlements as follows.
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…
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
February 24, 2021
Exelon To Spin-off Its Competitive Retail Supply, Generation Business Into Separate Company; Exelon Will Focus Solely On Regulated Utilities
February 23, 2021
ERCOT Ends Temporary Deviation From Protocol Deadlines & Timing Related To Settlements, Collateral Obligations, & Invoice Payments
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."
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')"
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…
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.
