February 6, 2019
Utility Seeks To End Annual Retail Choice Report Under Which It Requests Revenue Data From Each Supplier
Pepco filed at the District of Columbia PSC to suspend its obligation to file the annual "Retail Electric Choice Report".
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Customer Migration Data
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February 4, 2019
PSC Reports Load, Customer Count Of Each Retail Supplier By Service Area
The Michigan PSC released its 2018 report on retail electric choice
February 1, 2019
Ability To Take Retail Choice Returns To Michigan Utility
Final Amounts For 2019 Choice Caps Filed
Michigan electric utilities have filed their final 10% choice cap
November 27, 2018
Regulator Denies Protective Order For Retail Supplier Data Included In Discovery
The Connecticut PURA has denied a protective order, sought by retail suppliers, concerning responses to various interrogatories expounded on the electric distribution companies by the Office of Consumer Counsel in a proceeding reviewing whether all hardship customers should be returned to default…
November 6, 2018
Declining Pennsylvania Residential Electric Shopping Sees Little Improvement In October
Pennsylvania saw a marginally lower decline in the number of residential electric customers on competitive supply statewide from late September to late October, as compared to recent monthly declines.
October 4, 2018
Pennsylvania Sees Another Month With Net Decline Of 10,000 Residential Electric Shoppers
September was another month in which the net number of residential electric customers on competitive supply decreased by more than 10,000 customers, according to the latest stats on PA Power Switch
August 9, 2018
Just Energy Reports Customer Growth Despite Competitive Pressures, Profitability Focus
Says Earnings Flat For Quarter
Just Energy reported earnings for the three months ended June 30, 2018 (first fiscal quarter of 2019)
August 8, 2018
Pennsylvania Sees Steady Heightened Rate Of Statewide Decline In Residential Electric Shopping Since May
Pennsylvania saw the aggregate number of residential customers on competitive electric supply decline from late May to late July at a rate consistent with the monthly decline witnessed in May
August 7, 2018
Citing "Inaccurate" Data, RESA Seeks Stay Of Regulator's Newly Adopted Requirement To Publish Retail Supplier's Compliance Metric In Monthly Migration Reports
The Retail Energy Supply Association requested that the Connecticut Public Utilities Regulatory Authority stay implementation of its directive that Connecticut Light and Power Company (Eversource) and United Illuminating include certain information about electric suppliers' provision of summary…
August 7, 2018
Genie Retail Energy Reports Higher Earnings, Lower Churn
Genie Retail Energy (GRE) reported income from operations of $3.3 million in the quarter ending June 30, 2018 (second quarter), compared to a loss from operations of $9.4 million a year ago. Adjusted EBITDA increased to $3.8 million in 2Q18 compared to negative Adjusted EBITDA of $8.9 million a year…
July 3, 2018
Illinois ORMD: Retail Supplier Customers At ComEd Paid 1.4¢/kWh More On Average Than Default Service During Past Year
As part of an annual report, the Illinois Commerce Commission's Office of Retail Market Development reported on the aggregate cost that customers of alternative retail electric suppliers paid in excess of the utility's default service rate, for the period June 2017 to May 2018
July 3, 2018
Office Of Retail Market Development Recommends Utility Price To Compare Be Required To Be Listed On Retail Supplier Marketing, Solicitation Materials
As part of an annual report, the Illinois Commerce Commission's Office of Retail Market Development has recommended that the utility's Price To Compare be included on any solicitation or marketing materials to mass market customers which contain a price per kWh.
June 25, 2018
Pennsylvania Sees Spike In Residential Customers Leaving Retail Supply; Largest Decline Since August
Pennsylvania saw a large decrease in the number of residential electric customers on competitive supply during May
May 21, 2018
PPL Sees Essentially Flat Residential Shopping During April; Duquesne Light Sees Growth
Statewide, Pennsylvania Sees Another Monthly Decline In Residential Shopping
The number of residential electric customers on competitive supply was essentially flat at PPL Electric Utilities during April, versus the March total, contrasting with several recent months of declines in the hundreds of customers
May 15, 2018
After Strategic Review, Crius To Focus On Retail Energy Supply Business
In reporting earnings today, Crius Energy Trust announced that, having conducted a strategic review, it will now focus on its retail energy supply business, and explore strategic alternatives for its solar business
May 3, 2018
Return Of Low Income Customers To New York Default Service Cited In Decrease In Genie Retail Energy Customer Count
In reporting earnings this morning, Genie Energy said that Genie Retail Energy's customer base declined versus December 31, 2017 due, in part, to the required return of low-income customers in New York to default service, as well as a strategic decision to pull back customer acquisition efforts in…
April 3, 2018
March Marks Another Month Of Declining Pennsylvania Residential Shopping At All Utilities
All of the seven large EDCs in Pennsylvania saw the number of residential customers on competitive supply decline during March versus the February total, with the number of Pennsylvania residential customers on competitive supply declining by nearly 6,300 accounts statewide.
March 28, 2018
NRG To Acquire Xoom Energy
During an analyst day yesterday, NRG Energy announced that it would acquire XOOM Energy for $210 million, including working capital and $6 million in transaction costs
March 9, 2018
Crius Discloses Acquisition Of U.S. Customer Book With 18,000 RCEs
Crius Also Invests In U.K. Retail Energy Business Reports Higher Earnings, Lower Customer Count
In reporting fourth quarter and full year 2017 earnings, Crius Energy Trust announced it, "purchased the customer contracts and associated assets of approximately 18,000 residential electric customers in Illinois, Ohio, New Jersey and Pennsylvania from a California-based energy retailer for $4.3…
March 8, 2018
Genie Retail Energy Posts Record Quarterly Adjusted EBITDA
Genie Retail Energy reported quarterly Adjusted EBITDA of $12.8 million for the fourth quarter of 2017, up from $3.1 million a year ago, on strong consumption and robust electricity margins
March 5, 2018
Pennsylvania Again Sees Net Loss Of 10,000 Residential Electric Shoppers For Month
Pennsylvania saw the number of customers on competitive electric supply decline by nearly 10,000 accounts during February, following a similar decline in January
March 1, 2018
NRG CEO Sees "Opportunities" For Retail Growth From Forecast Volatility
Records $1.2 Billion Impairment Related To South Texas Project Nuclear Plant, On Outlook For Future Commodity Prices
February 27, 2018
TXU Parent Cites Retail Acquisitions As Use For Capital, Looks For Retail Tuck-In Acquisitions, Organic Growth In Northeast
Vistra Reports Retail Customer Count, Change
In discussing earnings for the year 2017 (see story here on results) , Vistra Energy CEO Curt Morgan said that retail acquisitions remain a top potential use for capital after Vistra closes on the acquisition of Dynegy
February 26, 2018
TXU Parent Reports Retail Segment Results, Says Residential Customer Attrition Lowest Since 2008
Notes Increased Bad Debt From Hurricane Harvey
Vistra Energy, the parent company for TXU Energy and Luminant, today reported financial results for the 12 months ended Dec. 31, 2017.
February 14, 2018
Pennsylvania Sees 10th Consecutive Month Of Declining Aggregate Residential Customers on Competitive Supply
Statewide Decline In Residential Shopping Near 10,000 Accounts Monthly
January 2018 marked the 10th consecutive month that Pennsylvania has seen an aggregate decline in the number of residential electric customers on competitive supply