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August 26, 2020
Several ESCO groups warned the New York PSC that a proposed minimum $500,000 level for ESCO security, as proposed in a Department of Public Service Staff whitepaper, would preclude smaller retail suppliers from participating in the market
July 15, 2020
In comments to the New York PSC in a COVID proceeding, the NRG retail companies ("NRG") said that the PSC should deny, for the utilities, deferred accounting for all but an extremely limited number of costs that were incurred in relation to the utilities’ strict compliance with governmental mandates…
July 14, 2020
ESCOs Serving C&I Customers, "Are Losing Money At A Rapid And Unsustainable Rate"
Comments filed on behalf of Aggressive Energy LLC (AE) at the New York PSC, in a proceeding on COVID-19, proposed that the PSC allocate a portion of previously collected, and uncommitted, funds from various public policy riders to provided financial relief to ESCOs which are experiencing an…
July 10, 2020
ERCOT said in a July 9 market notice that it, "has identified an error in the [Credit Monitoring and Management] CMM system that occurred beginning January 1, 2020."
June 8, 2020
FERC has issued an agenda for a July 8-9 technical conference concerning impacts that the emergency conditions caused by COVID-19 are having on various segments of the United States’ energy industry, with specifics concerning FERC's focus on access to capital now available
June 5, 2020
ERCOT stated in a market notice that it has identified a software error in its Credit Monitoring and Management (CMM) system that impacted the Total Potential Exposure (TPE) calculation for market participants, with the error occurring with the implementation of Nodal Protocol Revision Request (NPRR…
May 29, 2020
Staff of the New York Department of Public Service have issued a whitepaper with recommendations concerning new ESCO financial assurance requirements
May 11, 2020
ERCOT is proposing changes to the qualifications and requirements, including financial and credit standards, for Qualified Scheduling Entities (QSEs) and/or Congestion Revenue Right (CRR) Account Holders (CRRAHs) -- i.e., ERCOT Counter-Parties (CPs) -- seeking to enter the ERCOT market as well as…
May 5, 2020
Curt Morgan, Vistra Energy's president and chief executive officer, said during an earnings call today that the Texas retail electric market would have seen, "carnage", had the Texas PUC not adopted a previously reported Electricity Relief Program that reimburses retail electric providers $0.04/kWh…
April 29, 2020
RESA Warns Of "Dire Financial Consequences" To Retail Suppliers From Order
The Retail Energy Supply Association sought rehearing of a New Hampshire PUC order that applied, to competitive electric and natural gas suppliers, an earlier order which prohibits providers of electric and gas service from disconnecting or, as relevant here, discontinuing service for non-payment…
April 16, 2020
The joint New York utilities have urged the New York PSC to establish a new collaborative to review the Uniform Business Practices’ financial security requirements for ESCOs
April 14, 2020
Liberty Power has ceased pricing new retail energy supply deals for an interim period, multiple sources have confirmed to EnergyChoiceMatters.com
March 30, 2020
Supplier Expects Unit Gross Margin To Improve In 2020
Summer Energy Holdings, Inc. filed a 10-K detailing its 2019 financial results, and included a disclosure of various risk factors, including the coronavirus (COVID-19) outbreak.
March 23, 2020
Patrick L. Woodson, President of Texas retail electric provider ATG Clean Energy Holdings, filed a letter with the Texas PUC expressing concern with the strain being placed on the retail market by the ongoing Covid-19 pandemic, and suggested actions to prevent defaults by retail providers, including…
March 17, 2020
Genie Energy Ltd. has filed its 10-K for the year ending December 31, 2019
January 22, 2020
FERC has approved without modification changes in its credit policy and requirements at the New York ISO
January 21, 2020
Exelon has named Kate Norman, formerly vice president, Wholesale Trading, as SVP & Chief Commercial Risk Officer.
January 13, 2020
Supplier-Specific Discounts, With True-ups, Have Been Suggested To Regulator
The Connecticut PURA has assigned docket 20-01-33 for a proceeding entitled, "PURA Review of Electric Distribution Companies’ Method of Payment to Licensed Electric Suppliers for Uncollectible Customer Accounts".
January 9, 2020
Vistra Energy Reports Negative Impact On Retail Contract From Delay
At a Market Implementation Committee yesterday, PJM said that it will not conduct a Base Residual Auction for capacity until FERC rules on new price floors to be developed as a result of FERC's recent order expanding the minimum offer price rule (MOPR)
November 27, 2019
The New York ISO has filed at FERC for changes in its credit policy and requirements
September 27, 2019
The District of Columbia PSC has ordered that bidders in an upcoming Pepco SOS procurement for the June 2022 to May 2023 delivery year shall include a $0/MW-day cost for capacity in their bids, with winning bidders instead reimbursed the actual final price of capacity once determined.
August 29, 2019
During an update on recent ERCOT scarcity conditions provided at today's Texas PUC open meeting, ERCOT CEO Bill Magness said that ERCOT has not seen any defaults so far this summer
August 15, 2019
Retail electric provider V247 Power Corporation filed comments at the Public Utility Commission of Texas in support of a complaint that seeks re-pricing of published settlement prices for interval 14:50 on May 30, due to, as previously reported, Calpine providing erroneous telemetered Resource…
July 22, 2019
PJM Interconnection today announced the appointment of Nigeria Poole Bloczynski as its chief risk officer.
June 6, 2019
FERC has set for a paper hearing process a motion from PJM for clarification concerning FERC's prior order denying PJM's requested waivers relating to liquidation of the GreenHat Energy, LLC Financial Transmission Rights (FTR) portfolio, as FERC in its prior order denied waivers which would have…
