U.K. Retail Supplier Backed By Japanese Conglomerate Entering U.S. Market

SmartestEnergy US LLC applied for FERC electricity market-based rate authority.

In the U.K., SmartestEnergy affiliates offer retail electricity supply to businesses as well as wholesale procurement and trading services. It also offers demand response, peak load management, and electricity storage. SmartestEnergy also offers various services to generators including asset optimization

SmartestEnergy is ultimately a subsidiary of the Marubeni Corporation, a major Japanese integrated trading and investment business conglomerate that handles products and provides services in a broad range of sectors, including energy and metals, power projects and plants, transportation and industry machinery, chemical and forest products, and food and consumer products,

SmartestEnergy US LLC sought MBR authority for the following markets: PJM Interconnection, L.L.C., New York Independent System Operator, Inc., ISO New England Inc., California Independent System Operator Corporation, Midcontinent Independent System Operator, Inc., and Southwest Power Pool, Inc.