Texas Retail Provider Relinquishing Certificate After Book Sale, Weather Event

Energy Monger, LLC, Texas REP certificate number 10276, filed at the Texas PUC to relinquish its REP certificate

"Energy Monger, LLC has stopped serving customers as of 03/22/2021 and does not plan on serving any customers in the near future," the company said

As exclusively first reported by EnergyChoiceMatters.com, Energy Monger earlier this month informed customers that their contracts are being transitioned to Ampra Energy.

In its filing with the PUC, Energy Monger said, "Energy Monger, LLC has paid all TDSP invoices, and as of 03/23/2021 has no TDSP invoices outstanding."

"Energy Monger, LLC has mailed or returned all former customer deposits as of 03/23/2021," Energy Monger said

"Energy Monger, LLC has short-paid an estimated $8,514,248.45 as of March 17,2021 related to the February 2021 winter event. This amount is the sole reason Energy Monger, LLC has elected to relinquish its certificate and abandon the ERCOT market. This is preceded by 7 ERCOT board members resigning, the ERCOT CEO being fired, and after all three Texas PUC commissioners being fired or resigning," Energy Monger said in its filing

"Energy Monger, LLC was hedged approximately 92% based on 10-year weather going into February. As new customers enrolled and some of our existing residential customer demand increased up to 300% over normal weather for the February week of $9,000 price spikes and $24,000 peak ancillary prices, it was apparent we were too new in this market to recover from this financial disaster that was permitted to happen at the PUC and ERCOT. As of 03/17/2021 the total short-pay in the ERCOT market is $2.9 billion dollars and still no resolution has been made at the PUC or ERCOT that market prices should be corrected. It is our opinion that there is never any justifiable reason that customers, or any other market participant, be charged $9,000 per mWh," Energy Monger said in its filing