80% of Businesses Choose Competitive Electricity Retailers in Deregulated Areas

Cheryl Kaften

About 17.1 million North American residential consumers (44 percent of those eligible) and most large business consumers (80 percent) have exercised their right to choose their own electric retail service providers, according to the Annual Baseline Assessment of Choice (ABACCUS), a report released by the Houston-based consulting firm Distributed Energy Financial Group (DEFG). About 39.2 million electricity customers   …Continue Reading

PJM Transitional Auctions Must Include Demand Response, Energy Efficiency

Cheryl Kaften

The Federal Energy Regulatory Commission (FERC) ruled on July 22 that, pending a high court decision, demand response (DR) and energy efficiency (EE) providers should have an equal place at the table in PJM Interconnection’s capacity market. On the heels of that mandate, PJM voted at its Market and Reliability Committee meeting on July 23   …Continue Reading

Now Trending: Restraints on Retail Electricity Termination Fees

Cheryl Kaften

Illinois became the second US state this month to place restraints on retail electricity termination fees, with the passage of legislation (HB3766, SB 1312) on July 22 by the 99th General Assembly. According to an investigative report by the Chicago ABC-TV affiliate, WLS, until the bills were signed into law by Governor Bruce Rauner, “some   …Continue Reading

Ambit Energy Is Cleared of Bilking New Customer on Rates

Cheryl Kaften

A New Jersey federal judge dismissed a proposed class action suit against Ambit Energy Holdings on July 22. The litigants had claimed that the Dallas-based electricity and natural gas retail energy provider had hiked up customers’ rates after luring them into switching energy providers with promises of lower prices. However, the court ruled that Ambit’s   …Continue Reading

Direct Energy Offers Residential Invoices Itemized by Appliance

Cheryl Kaften

Electricity and natural gas retail supplier Direct Energy has launched the second phase of Direct Your Energy – an online suite of energy usage tools that convert the smart meter data generated individually by residential customers into insights and invoice savings. According to the company, the Direct Your Energy website – which is beginning to   …Continue Reading

IECA Slams House Subcommittee’s Proposed FERC Cost Recovery Plans

Cheryl Kaften

How should the costs of US energy security and resiliency be recovered? Not by raising rates to utility customers, the Washington, DC-based Industrial Energy Consumers of America (IECA) argued in a letter to the US House Subcommittee on Energy and Power on July 22. In that correspondence, the manufacturing trade group asked legislators to eliminate   …Continue Reading

PowerOptions Becomes Connecticut Electric Aggregator

Cheryl Kaften

The Connecticut Public Utilities Regulatory Authority (PURA) has approved the application of Boston-based PowerOptions to become an electric aggregator in the state, serving commercial, industrial, municipal and governmental customers. PURA had originally categorized PowerOptions as a “broker/marketer and not as an aggregator as defined by law” on March 6, and had declined to issue the   …Continue Reading

ERC: Electricity Price Trends for the Week Ending July 24

Jim Moore

Short-Term Price Benchmark* Trends The average price benchmark for Power ($/kWh) virtually treaded water last week, declining by only 0.17 percent from the week before. The big exception to this was Illinois where the benchmark price rose a substantial 3.14 percent week-over-week. Other states that experienced a meaningful movement in power prices last week include   …Continue Reading

Accenture Acquires Energy Procurement Company

Linda Hardesty

Accenture has agreed to acquire EnergyQuote JHA, a Pan-European energy management and procurement services provider. The acquisition will bolster Accenture’s energy procurement capabilities in Europe and enhance its ability to deliver energy management as-a-service to clients. Terms of the deal were not disclosed, and the acquisition is subject to the satisfaction of customary closing conditions.   …Continue Reading

ERC: Electricity Price Trends for the Week Ending July 10

Jim Moore

Short-Term Price Benchmark* Trends The average price benchmark for Power ($/kWh) climbed by a quarter percent last week, compared to prices the week before. Only Delaware, Pennsylvania, Maryland and New York declined last week. The other states posted increases, led by New Jersey (+1.96 percent) and Texas (+1.11 percent). While last week’s power prices reverse   …Continue Reading