Octopus Energy Receives Finding That Initial New York ESCO Eligibility Requirements Have Been Met

New York Department of Public Service Staff have informed Octopus Energy LLC that all requirements for Octopus Energy LLC's initial state of its eligibility determination as an ESCO have been satisfied

Octopus Energy registered to serve residential and small C&I customers with a fixed rate product with cap, variable guaranteed savings product, and a compliant renewable electricity product, as well as serving large C&I customers

New York DPS Staff advised Octopus Energy that, with the initial eligibility now satisfied, "Please be advised that you may now continue with the utility approval state of the eligibility process by contacting those companies in whose service territories you intend to participate. The utility stage normally consists of a creditworthiness determination, completion of EDI Phase III Testing and the execution of any operating or billing service agreements. Each utility’s eligibility requirements pertain to only their retail access programs."

Staff further noted, "Once you have satisfactorily completed the utility eligibility stage, Staff will be notified by the utility of your success. Please notify Staff of the actual production date in the utility service territories you intend to enroll customers. At that point Staff will confirm your final eligibility requirements have been satisfied."