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Variable Rates

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Retail Supplier To Pay $675,000, Exit From Non-shopping Customer Assignment Program Under Settlement

Supplier Continues Voluntary Marketing Suspension, Will Issue $1 Million In Refunds

Verde Energy USA Ohio, LLC d/b/a Verde Energy would pay a forfeiture of $675,000, and withdraw from Dominion East Ohio’s Monthly Variable Rate (MVR) program (see explanation at bottom of story) for a period of one year, under a settlement with Staff of the Public Utilities Commission of Ohio

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PUC Approves Stipulation Under Which Retail Supplier Agrees To $250,000 Forfeiture, Customer Refunds

Supplier Alleged To Have Charged Rate In Excess Of 18¢/kWh, Called "Miscalculation" By Supplier

The Public Utilities Commission of Ohio approved a stipulation between National Gas & Electric (NG&E or Company) and PUCO Staff under which National Gas & Electric agreed to a forfeiture of $250,000 to resolve alleged violations detailed in a Staff Notice of Probable Non-Compliance dated September…

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Federal Appeals Court: Wholesale Electric Price, Utility Price Not Proper Comparison For Determining If Retail Supplier's Rate Met "Prevailing Market Price" Standard In Contract

The United States Court of Appeals for the Seventh Circuit has denied an appeal of a lower court ruling which had dismissed a putative class action suit against Direct Energy Services, LLC, as the Seventh Circuit found that neither the wholesale electric price nor the utility price to compare is an…

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PSC Orders Retail Supplier Not To Solicit Any Additional Customers Until Complaint Proceeding Resolved

PSC Chair: Supplier's Action Has Likely "Set Back Progress" Of Retail Competition Commissioner: "Sad Day" For Retail Choice, Companies Engaged In Such Behavior "Should Not Be Doing Business"

In addressing a complaint filed by Maryland PSC Staff against Smart One Energy, LLC ("Smart One" or "SOE") for, among other things, allegedly not obtaining 'wet signatures' for telephonic enrollments, Maryland PSC Chair Jason M. Stanek said that the supplier's actions have likely "set back" the…

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Regulator Issues Notice Of Violation To Retail Supplier

The Connecticut Public Utilities Regulatory Authority issued a Notice of Violation (NOV) and Assessment of Civil Penalty against Clearview Electric, Inc. (Clearview or Company) under which PURA would impose a civil penalty of $9,000 on the Company for alleged deficiencies in complying with…

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Proposed First Notice Illinois Rules Include Broad Definition For In-Person Solicitation

Utility Price To Compare, History Must Be Included In Supplier's Disclosure Statement "Rates" Can Not Change Under Contract Assigned To Another Supplier During "Remainder Of The Time Covered By The Agreement" (Variable Rate Problem)

Two Illinois ALJs have released a proposed Illinois Commerce Commission first notice order concerning sales and marketing rules for the retail natural gas market. Unless otherwise noted, the proposed rules discussed below would apply only to residential and small commercial customers

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Retail Supplier Voluntarily Suspends Marketing, Enrollments In State Pending Investigation Settlement Discussions

Another Supplier Suspends All Direct-Marketing To Residential Customers In State During Investigation's Pendency

In seeking stay of a procedural schedule in a Public Utilities Commission of Ohio investigation proceeding, Verde Energy USA Ohio, LLC stated that it has voluntarily agreed to immediately take steps to cease marketing retail electricity and gas to Ohio residents and cease enrolling new retail…

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Variable Rates News (Page 8) | EnergyChoiceMatters.com