Start-up New York Retail Supplier Receives Initial Determination Of ESCO Eligibility

Start-up retail energy supplier Graystone Technologies, Inc. has received a determination from New York Department of Public Service Staff that all requirements for the initial state of its ESCO eligibility determination have been satisfied.

The company may continue with the utility approval state of the eligibility process. Once the utility state is completed and the company notifies DPS Staff of the actual production date in the utility service territories that it intends to enroll customers, Staff will confirm that final eligibility requirements have been satisfied.

At the time of filing its initial ESCO RAAF form in August 2019, Graystone Technologies had listed its website as that of Eddy Energy, which, at the time the website was accessed in August 2019, had described itself as, "A new kind of energy company," and which had described a renewables-focused service. The website currently does not have any content

As the website appeared in August 2019, although the term "wholesale" was not used, language suggested a pass-through of wholesale renewable energy costs, with phrases such as "true cost of energy", and a statement that, "Your monthly bill may change depending on the market conditions. We work hard to limit increases to our members, and if energy prices go down, we quickly pass those savings on to you."

See our prior story for more details