RESA: State's Draft Order Could "Collapse" Retail Market

A Connecticut PURA draft decision, first reported by EnergyChoiceMatters.com (click here), regarding new electric customer protections and rules for retail suppliers, "could stifle and ultimately collapse the retail electric supply market in Connecticut," the Retail Energy Supply Association said in a motion to extend the deadline for exceptions to the draft order.

As first reported by Matters, among other things, the draft would prohibit small volume contracts longer than 12 months, require advance notice of rate changes for any type of plan, and prohibit utility consolidated billing for certain plan types

"[T]aken together, if imposed, the requirements of the Draft Decision could stifle and ultimately collapse the retail electric supply market in Connecticut," RESA said.

RESA asked for a minimal six-day extension in the exceptions deadline, stating that this would not materially delay PURA's decision nor implementation of a final order

Yesterday, PURA denied a motion for a similar extension of time filed Friday by Starion Energy.