ERCOT Initiates Involuntary Mass Transition Of Customers Of Defaulting Retail Provider, REP Identified

Note: This story was first published the evening of May 30 with an alert to our email subscribers

ERCOT issued a market notice stating that, on Tuesday, May 29, 2018, an ERCOT Market Participant/Competitive Retailer (Defaulting CR) defaulted with respect to its Standard Form Market Participant Agreement (SFA) with ERCOT.

Therefore, in accordance with ERCOT Protocol Section 16.11.6.1.6(3)(b), ERCOT initiated the Mass Transition of the Defaulting CR’s Electronic Service Identifiers (ESI IDs) pursuant to ERCOT Protocol Section 15.1.3. In accordance with the ERCOT Protocols and Retail Market Guide (RMG) Section 7.11, Mass Customer Transition Process, all ESI IDs will be gained by one or more POLRs, as allocated by the Mass Transition process.

The number of ESI IDs involved is approximately 9,800.

Although the identity of the retail provider subject to the POLR drop was not stated in the market notice, several market participants independently told EnergyChoiceMatters.com (on background due to the identity not yet being officially released) that the identity of the defaulting REP is Breeze Energy

The POLR drop is believed to be the first involuntary mass transition involving a POLR drop since 2014 (which had only included 11 customers dropped to POLRs), and the first involuntary mass transition of any significance involving a POLR drop since 2011 (there have been a few mass transitions due to firesale purchases of books since such time, but such transitions did not result in customers going to POLRs, as customers went directly to the acquiring REPs)