New York PSC Approves ESCO's Petition To Serve Low-Income Customers

This story was first published on March 15, with an alert to our email alert subscribers

The New York PSC today approved New Wave Energy Corporation’s petition to serve assistance program participant (APP) customers after New Wave Energy demonstrated that it could guarantee a 1 percent savings against the utility price.

Per the PSC, New Wave stated that it will immediately assign all of its low-income customers that participate in the utility assistance program to its guaranteed savings product.

The PSC said that New Wave does business in the National Grid, NYSEG, National Fuel Gas, and RG&E service territories.

New Wave Energy said that the PSC voted to authorize New Wave to continue serving both gas and electricity to low-income customers within the service territories that New Wave is currently active in.

New Wave Energy said that it is one of a few ESCOs thus far granted the ability to continue service to APP customers and said that it is, "the only energy company located in WNY, that was approved and granted the ability to service both electric and natural gas customers at all service levels."

Separately, the PSC denied rehearing of two prior orders which had denied petitions from two ESCOs that had sought to serve APP customers

The PSC stated in a news release that it:

• "Denied Drift Marketplace Inc.’s petition for rehearing on original order denying the company’s petition to serve low-income customers. The company was unable to demonstrate how it was going to guarantee a savings to low-income customers. Drift does business in Con Edison’s service territory."

• "Denied M&R Energy Resources Corp.’s petition for rehearing on original order denying the company’s petition to serve low-income customers. The company was unable to demonstrate how it was going to guarantee a savings to low-income customers. M&R does business in Central Hudson’s and Orange & Rockland’s service territory."