June 4, 2024
Texas Retail Provider Files Bankruptcy Petition
A Texas retail electric provider has filed a Chapter 11 bankruptcy petition
HomeNews By TopicHedging
Hedging
Narrow these results by state, topic, company or docket — filters stack, and every story shown carries all of them.
February 28, 2024
Via Renewables, Inc. Reports Fourth Quarter Results
Via Renewables, Inc. today reported…
August 15, 2023
Large Texas Gentailers Propose LCAP As ERCOT Emergency Pricing Program Price
Several Texas gentailers have proposed setting energy and ancillary service pricing under the ERCOT emergency pricing program (EPP) -- which by statute is to be triggered when there are 12 hours priced at the ERCOT high offer cap during a 24-hour period -- at $2,000 per MWh and/or the current LCAP…
August 11, 2023
News Release:
AEG Affiliated Energy Group Reports Financial Closing Of 6 M&A Deals In Past 10 Months Notes "Increased Tensions Between REPs And Their Wholesale Supply Financing Sources" August 11, 2023 Email This Story
July 25, 2023
Refund Of Supply Overcharges To Default Service Customers To Be Excluded From Price To Compare, Under Settlement
Utility Agrees To Propose Supply Hedging Program If Price Trigger Met
A settlement in the 1307(f) rate proceeding of Peoples Natural Gas Company LLC (Peoples or the Company) in Pennsylvania would accelerate the refund of over-collections under the Peoples gas supply rate to default service customers, and would exclude such refunds from the price to compare
April 10, 2023
Regulator's Staff Seeks Notice Of Violation Against Retail Supplier Over Use Of Force Majeure Clause To Cancel Contracts
The Office of Education, Outreach, and Enforcement (EOE) of the Connecticut Public Utilities Regulatory Authority (PURA) requested that PURA issue a Notice of Violation and Assessment of Civil Penalty (NOV) against Mega Energy of New England, LLC (Mega Energy or the Company) due to Mega Energy's use…
December 2, 2022
Parent Of U.S. Retail Supplier Ends Current Talks To Sell French Energy Marketing Business, Provides Update On Disposition
UGI Corporation announced today that it no longer expects to sell its French energy marketing business in the first quarter of Fiscal 2023, "as extended negotiations with the potential buyer have been discontinued."
September 30, 2022
State's Energy Procurement Manager Seeks To Reduce Amount Of Forward Hedging Of Electricity Default Service
The Illinois Power Agency has filed with the Illinois Commerce Commission a 2023 procurement plan for electricity default service supplies
August 12, 2022
Utility Seeks To Hold Multiple Default Service Auctions Per Year, Return To Longer-Term Products, To Provide, "Greater Protection Against Market Volatility And More Stable Generation Prices"
Dayton Power & Light (AES Ohio) has sought approval at the Public Utilities Commission of Ohio for various changes to its procurement schedule and product term lengths for Standard Service Offer (SSO) supply contracts to, "provide customers with greater protection against market volatility and more…
August 9, 2022
Retail Supplier Allegedly Returns Fixed Price Contract Customers To Default Service While Mid-Contract
A formal complaint before one regulator, as well as multiple social media and similar public posts from customers in multiple states, allege that Planet Energy, and/or its brands Value Plus Energy and RiteRate Energy, have terminated such customers' fixed rate contracts in mid-contract, and has…
August 8, 2022
Genie Retail More Than Doubles Adjusted EBITDA To Record Level
In reporting earnings for the quarter ending June 30, 2022, Genie Energy, Ltd. said that the Genie Retail Energy (GRE) segment delivered record second quarter levels of gross profit, income from operations and Adjusted EBITDA, "highlighted by strong margins in its retail book."
June 27, 2022
Default Service Procurement Agency Seeks Feedback On Potential Changes In Light Of "Extreme Market Volatility"
The Illinois Power Agency has issued a request for stakeholder feedback in advance of creation of its next draft electricity default service procurement plan, "in light of recent extreme energy market volatility that has had an impact on the results of the Agency’s procurement and the resulting…
June 2, 2022
Vistra Reports Increase in Credit Agreement
Vistra filed an 8-K reporting an increase in a credit agreement
May 12, 2022
New York PSC Approves Default Service Pricing Changes At ConEd Meant To Reduce Volatility
The New York PSC approved several tariff changes to the default service pricing mechanism at Consolidated Edison…
May 10, 2022
Retail Supplier Declares Bankruptcy, Will Wind Down Substantially All Of Retail Business
Parent Announces Recapitalization Transaction, Up To $1.65 Billion In New Equity Investment
A retail energy supplier filed a voluntary Chapter 11 petition in federal bankruptcy court
April 13, 2022
Retail Supplier Considering Options For Monetization, Retains Advisor
EnergyChoiceMatters.com understands a medium-sized retail energy supplier has retained a financial advisor to help them explore options for monetizing their business
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 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
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 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
November 18, 2021
Texas Retail Provider Files Plan To Exit Bankruptcy, Continue Service To Customers; Reaches Settlement With Wholesale Supplier
Pogo Energy, LLC, (Debtor) has filed with a bankruptcy court a proposed plan of reorganization (the "Plan") that would see the reorganized company continue service to retail customers, as Pogo has reached a settlement with its wholesale supplier and credit provider Luminant
November 4, 2021
Genie Retail Energy Reports Record Adjusted EBITDA, Expects Robust Margin In Upcoming Winter Season
Genie Energy Ltd. reported that its Genie Retail Energy (GRE) segment generated record income from operations and Adjusted EBITDA of $19.7 million and $20.0 million, respectively, for 3Q21 compared to $12.2 million and $12.5 million in 3Q20
October 16, 2021
ERCOT IMM Proposes Mandatory Forward Shortage Energy Hedge Procurement
Potomac Economics (Potomac), the Independent Market Monitor ("IMM") for the wholesale market in the Electric Reliability Council of Texas, Inc. ("ERCOT") region, proposed in comments to the Texas PUC the following modifications to the ERCOT market design, which were also discussed at a PUC work…
July 30, 2021
Large Retail Supplier Hires Market Vet As Gas Portfolio Manager In New Push To Expand Beyond Retail Electricity Into Natural Gas
Jeffrey Porter recently joined Energy Harbor as Retail Gas Portfolio Manager
June 23, 2021
Texas Retail Provider Reaches Settlement Regarding Certificate Revocation; Number Of Customers Served In Month Prior To Book Sale Disclosed
Energy Monger, LLC has reached a settlement with Staff of the Public Utility Commission of Texas, the Electric Reliability Council of Texas, Inc. (ERCOT), and the Office of Public Utility Counsel (OPUC) concerning Staff's petition to revoke the REP certificate of Energy Monger