June 25, 2021
Start-up Texas REP Led By Retail Energy Vets Receives Certificate
The Texas PUC granted start-up IronHorse Power Services LLC an Option 1 Texas retail electric provider certificate
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June 25, 2021
New Mitsubishi Retail Energy Subsidiary Receives Texas REP Certificate
The Texas PUC granted Diamond Energy TX, LLC an Option 1 Texas retail electric provider certificate
June 25, 2021
Texas PUC Staff Strawman Would Change Definition Of Fixed Rate To Include Ancillary Service Charges
Staff of the Texas PUC have filed a strawman 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 strawman also includes new customer protection changes not mandated by statute.
June 24, 2021
Texas-Based Broker-Consultant Selected By E&P Company For Solar Facility & Electrification Of Texas Operations
Priority Power Management, LLC announced that it has entered into agreements with HighPeak Energy, Inc., an independent oil and natural gas company engaged in the acquisition, development, and production of oil, natural gas, and NGL reserves, to electrify and power HighPeak’s drilling and operations…
June 24, 2021
Texas Generation Group Suggests PUC Implement Nonbypassable Charge To Fund Generation Weatherization
In comments to the Texas PUC in a proceeding on weatherization standards, Texas Competitive Power Advocates (TCPA) recommended that the PUC adopt a cost recovery mechanism, perhaps through a non-bypassable charge, for facilities subject to new weatherization mandates for whom cost-of-service…
June 24, 2021
Texas PUC Adopts Changes To Low Price Cap In ERCOT, Rejects Make-Whole Cost Allocation Recommendations From Retail Providers
The Texas PUC adopted without modification a draft proposal for adoption to modify the value of the low system-wide offer cap (LCAP) in ERCOT by eliminating a provision that ties the value of the LCAP to the natural gas price index, and replacing it with a provision that ensures resource entities…
June 23, 2021
Texas Retail Provider Reaches Settlement Regarding Certificate Revocation; Number Of Customers Served In Month Prior To Book Sale Disclosed
Energy Monger, LLC has reached a settlement with Staff of the Public Utility Commission of Texas, the Electric Reliability Council of Texas, Inc. (ERCOT), and the Office of Public Utility Counsel (OPUC) concerning Staff's petition to revoke the REP certificate of Energy Monger
June 23, 2021
General Motors Selects Retail Supplier To Offer Renewable Energy Solutions To U.S. Homeowners, EV Owners, & Supply Chain Partners
General Motors and Shell, through its wholly owned subsidiary MP2 Energy, LLC ("Shell"), are collaborating to provide comprehensive energy solutions programs to GM's customers and supply chain partners, including fixed-rate home energy plans backed by 100 percent renewable energy resources.
June 22, 2021
Update: Texas PUC Issues Written Order Rejecting Petition To Initiate (Or Resume) Retail Electric Choice Pilot In Non-ERCOT Service Area
The Texas PUC has issued a written order rejecting a petition from East Texas Salt Water Disposal Company (ETSWD) for a declaratory order and request for the opening of a pilot retail electric choice implementation project at Southwestern Electric Power Company (SWEPCO)
June 22, 2021
Talen Energy Marketing Seeks Texas REP Certificate Amendment To, "Add Additional Customers"
Talen Energy Marketing applied at the Texas PUC for an amendment to its Option 2 Texas REP certificate, "to add additional customers."
June 22, 2021
AARP Texas Petitions Texas PUC To Require Lower Initial Payment, Longer Time Period For REP Deferred Payment Plans
AARP Texas petitioned the Texas PUC for an emergency rule to lower the initial payment amount required under a deferred payment plan with a retail electric provider, and to extend the time over which the customer must pay the deferred balance
June 21, 2021
Texas Gov. Signs Cooperative-Focused Securitization Bill Which Would Force Co-ops Into "Competitive Market" If Co-ops Owing Money To ERCOT Do Not Use Securitization
Texas Governor Greg Abbott has signed SB 1580, a bill which authorizes electric cooperatives to securitize extraordinary costs and expenses (as defined below) from the winter weather event.
June 21, 2021
Citing Feb. ERCOT Pricing, PJM Says Administratively Limiting Prices Under Sustained Extreme Price Conditions "Could Be Helpful" To Limit Unnecessary Risk To Market Participants And Consumers
In a response to the Independent Market Monitor's state of the market report, PJM said that, "PJM believes that provisions to administratively limit prices under sustained extreme price conditions could be helpful to limit unnecessary risk to market participants and consumers."
June 18, 2021
Texas Retail Electric Provider Undergoes Change In Ownership, Also Adds Market Vet As VP
Energy Texas, the start-up retail energy supplier which is entering the Texas market, has acquired Texas retail electric provider Declaration Energy LLC
June 18, 2021
Texas Gov. Names Current Public Utility Counsel, Former PUC Staffer As Texas PUC Commissioner
Texas Governor Greg Abbott has appointed Lori Cobos to the Public Utility Commission of Texas (PUC) for a term set to expire September 1, 2021.
June 18, 2021
Texas PUC Staff File Draft Proposal For Adoption For Changes To Low Price Cap In ERCOT, Would Reject Make-Whole Cost Allocation Recommendations From Retail Providers
REPs Had Proposed Specific Cost Recovery Mechanism, Opposed Use Of Uplift
Staff of the Texas PUC have filed a draft proposal for adoption to modify the value of the low system-wide offer cap (LCAP) in ERCOT by eliminating a provision that ties the value of the LCAP to the natural gas price index, and replacing it with a provision that ensures resource entities are able to…
June 18, 2021
Just Energy Provides Estimate For Amount Of Costs For Which It Expects To Seek Recovery Under Texas Winter Storm Financing Program
Noting the passage of the ERCOT market financing bill, which had been first reported by EnergyChoiceMatters.com , Just Energy Group Inc. ('Just Energy' or the 'Company') said that, "Based on current information, if the Commission [Texas PUC] approves the financing provided for in HB 4492, Just…
June 17, 2021
In Implementing New Law On Wholesale Index Products, Texas PUC Strawman To Include Broader Statement Of Risk For Other Index Plans
POLR Rate Formula Proposed To Be Changed
During today's open meeting, Texas PUC Staff previewed a strawman to implement HB 16, which includes a ban on wholesale indexed plans for small customers, and which also includes new risk disclosure requirements in order to offer such plans to large customers
June 17, 2021
Texas PUC Chair: "Fixed Rate Should Mean Fixed Rate"
During an open meeting work session, both Texas PUC Commissioners agreed that, "fixed rate should mean fixed rate".
June 17, 2021
Texas PUC Clarifies Date On Which Prepaid Customer Disconnections May Resume
During an open meeting today, the Texas PUC Commissioners clarified the date on which disconnections for non-payment may resume for prepaid customers
June 17, 2021
Texas Gov. Signs ERCOT Market Securitization Bill; Financing Programs Include Relief For REPs From Ancillary Service, Reliability Adder Charges Above $9,000, As Well As ERCOT Defaults/Short-Pays
Final Bill Omitted Relief To REPs For 32 Hours At $9,000 After Load Shed Ended
Texas Gov. Greg Abbott has signed HB 4492, which provides a financing program available to retail electric providers for ancillary service charges and reliability deployment price adders above the $9,000 cap
June 15, 2021
ERCOT Reports 1,200 MW Returned Overnight From Outage; Says, "Reliability Of Grid Remains Strong During Record Demand"
Requests Peak Conservation Continue Through Friday
On June 14, ERCOT set a new June record for electricity demand. Based on preliminary data, the new record is 69,943 MW, which exceeds the 2018 June record by approximately 820 MW.
June 15, 2021
Texas PUC Written Order Issued Confirming End Date For Disconnect Moratorium
The Texas PUC has issued a written order which confirms the end date for the disconnect for non-pay moratorium that had been adopted after the February winter weather event
June 15, 2021
Texas REPs Commit To Funding Texas Low-Income Customer List For New Fiscal Year
Several Texas retail electric providers have requested to participate in the matching process to receive a list of their low-income customers for the next fiscal year (fiscal year beginning on September 1, 2021.)
June 14, 2021
ERCOT: Tight Grid Conditions Expected Due To High Number Of Forced Generation Outages
ERCOT Requests Energy Conservation
The Electric Reliability Council of Texas (ERCOT) is asking Texans to reduce electric use as much as possible today through Friday, June 18.