April 20, 2022
PUC Approves Settlement Under Which Utility Commits To Transition To Wholesale Auction For Default Service From Managed Portfolio
A Public Utilities Commission approved today, without modification, a settlement in…
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Default Service
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April 20, 2022
Winning Prices In Default Service Auction Jump 60% To Over $122/MWh, Above Starting Bid Price
Commissioner Blames FERC For Exposure To Price Spike
A Public Utilities Commission has approved results from an April procurement of default service supplies at…
April 18, 2022
PECO Residential, Small Commercial Generation Rates Increasing 7-11%
PECO has filed with the Pennsylvania PUC new electric Generation Supply Adjustment (GSA) charges for the period beginning June 1, 2022
April 6, 2022
Update: Retail Supplier Ceasing Operations Due To Volunteer Energy's Bankruptcy
A retail supplier is ceasing operations
April 4, 2022
Another Retail Supplier Drops Customers To Default Service
A utility is moving a retail supplier's customers to default service
March 31, 2022
Retail Supplier To Cease Serving Customers In Pennsylvania
A retail energy supplier informed the Pennsylvania PUC that it will cease serving retail energy customers in Pennsylvania, and withdraw its electric and gas supplier licenses
March 30, 2022
PECO Posts Winning Prices From March 2022 Default Service Auction
PECO has posted results from its March 2022 procurement of a portion of electric default service supplies for various periods through 2024.
March 28, 2022
Utility Makes Call On Fixed Vs. Variable Wholesale Supply Contracts
Resulting New Default Service Rates Falling 12% For Mass Market Customers
An EDC has filed new default service rates for the period beginning June 1, 2022.
March 28, 2022
Retail Supplier Files For Bankruptcy, Customers To Be Returned To Default Service
Supplier Serves Over 100 Muni Aggregations
A retail energy supplier has filed a Chapter 11 voluntary bankruptcy petition with a federal court
March 23, 2022
Default Service Auction Manager, Mid-Auction, Reduces Target For Supply To Be Procured; PUC Orders Supplemental Auction To Fill Remaining Tranches
An auction for default service electricity supplies at…
March 21, 2022
Regulator Approves Alternative Default Service Procurement Mechanism At Utility
Denies Request For More Frequent True-up Between Potentially Unlinked Retail Rates, Wholesale Costs
A retail energy regulator has approved an alternative electricity basic service (default service) procurement mechanism at
March 16, 2022
ConEd Seeks Emergency Changes To Default Service Electricity Supply Pricing Mechanism
Consolidated Edison Company of New York, Inc. has filed at the New York PSC for emergency approval of electricity tariff amendments that, "provide for an electric supply cost recovery mechanism that will more closely align supply prices with the Company’s hedging positions, reducing the likelihood of significant customer bill volatility."
March 15, 2022
National Grid Residential, Commercial Default Service Rates To Fall 22%
National Grid has filed new default service electric rates
March 9, 2022
Winning Prices Spike In Default Service Auctions At Two Utilities
Winning wholesale prices spiked in default service auctions held this month at…
March 1, 2022
Retail Supplier Dropping Customers To Default Service Mid-Contract, Will Hold Customers Harmless For Any Rate Increase From SOS If Necessary
A retail energy supplier is exiting a state's market
March 1, 2022
New York PSC Directs All Major Utilities To Review Approaches To Default Service Supply Billing To Reduce Likelihood Of Extreme And Sudden Price Volatility
Rory M. Christian, Chair of the New York PSC, has issued letters to all of the state's investor-owned utilities (as well as PSEG Long Island) directing each to…
February 28, 2022
Pepco-DC Posts June 2022-May 2023 SOS Rates; Mass Market Customers To See SOS Rate Increases Next Winter
Pepco has filed new electric SOS rates with the District of Columbia for the 12-month period beginning June 1, 2022
February 28, 2022
ConEd Reports Measures Undertaken Which Result In Nearly 9¢/kWh Decrease In Default Service Supply Cost
Consolidated Edison (Con Edison or ConEd) has submitted its response to New York PSC Chair Rory Christian detailing measures it has undertaken to mitigate the immediate default service supply price spike, and to reduce the risk of severe price volatility in the future
February 24, 2022
Winning Retail Suppliers From Retail Default Service Auction Revealed
The winning retail energy suppliers from a default service auction have been posted
February 21, 2022
Utility Proposes Alternative Default Service Procurement Methodology, Potential Mitigation
An EDC has proposed an alternative procurement methodology for default service electricity supply
February 17, 2022
PUC Approves One-Time Bill Credit To Offset Supply Costs For Low-Income Customers
A Public Utilities Commission has approved a one-time $90 bill credit for approximately 90,000 low-income customers of…
February 17, 2022
New York PSC Chair Calls For ConEd To Provide Immediate Default Service Supply Rate Relief By Reflecting Full Value Of Hedges In Next Billing Cycle
New York PSC Chair Rory Christian, in a recent letter to Consolidated Edison, requested that the utility undertake changes in its next billing cycle to provide immediate relief to customers from high supply prices
February 11, 2022
Winning Retail Suppliers From Retail Default Service Auction Revealed
A PUC has posted the winning retail suppliers who won tranches of customers in the
February 10, 2022
Regulator Issues Notice Of Violation That Would Require Retail Supplier To Provide Restitution To Customers Dropped To Default Service Who Were Paying Rates Lower Than SOS
The Connecticut PURA formally issued a Notice of Violation and Assessment of Civil Penalty (NOV) against Sunwave Gas & Power Connecticut Inc. (Sunwave or Company) which would order Sunwave to pay restitution to all customers returned to standard service whose contracts were for rates less than…
February 9, 2022
New Jersey Default Service Auction Results In Lower Rates For BGS Customers
The New Jersey Board of Public Utilities (NJBPU) has approved the 2022 procurement of contracts for one-third of the fixed price Basic Generation Service (BGS) default electric service