When First Energy Solutions (FES), a retailer serving nearly 1 million electricity customers entered bankruptcy in April, Ohio regulators were concerned. After all, FES is the electric generation supplier of a large number of electricity municipal aggregations across Ohio. What would happen to consumers as FES fought its way through bankruptcy proceedings? It looks like a white knight has appeared on the horizon — Exelon Constellation.
Breeze Energy customers got a rude surprise on May 30, 2018. They received notification that their retail electric provider had gone out of business. They would now be served at a high market rate by the Provider of Last Resort, or POLR. What would you do if you received such a notice? And what is the risk of it happening to you?
Texas electricity customers face historically high electricity prices this summer. The rising energy rates are not so much a result of the cost of natural gas, the primary commodity used to generate electricity, but are a result of increased demand and anticipated shortages in supply. What does this mean for customers on variable rate, month to month electricity plans? High, high, high electricity rates for the dog days of summer. Who is most at risk? Prepaid electricity customers and customers on holdover rates from expired electricity contracts.
If you’ve shopped for an electricity plan in Texas recently, you’ve probably noticed that rates are rising. In fact, some of the energy rates for Texas plans have increased over 30% so far in 2018 and will continue to rise as the summer approaches.
What’s contributing to this rise? In short, it’s simple economics. Understanding the market forces at play in ERCOT will help you make an informed decision about your energy needs going into the summer and avoid a painful utility bill.
Sharyland customers – your nightmare electricity bills are officially coming to an end.
On July 24, 2017, Oncor announced that it had reached a definitive asset swap agreement with Sharyland Utilities (SU) valued at approximately $400 million. Upon PUCT approval and successful close of the transaction, Sharyland will receive approximately 258 miles of 345 kV transmission lines from Oncor, and Oncor will receive all of Sharyland’s distribution network and, following ERCOT transitioning, all of Sharyland’s retail delivery customers.
As the people of Southeast Texas return to their homes and assess the damage from Harvey, the Public Utility Commission of Texas (PUCT) has taken steps to help those directly impacted. On August 31, the PUCT passed emergency order #47552 requiring Retail Electric Providers to offer deferred payment plans to customers, by request, in areas covered by a disaster proclamation until September 29, 2017.
We are super excited to announce the official launch of ElectricityPlans.com! We serve the deregulated retail electricity markets in Texas, Ohio, and Connecticut with a fantastic choice of providers and plans in each market. Our mission is to give our customers the best variety and choice along with a stream-lined shopping experience when it comes to choosing an electricity plan for their home. We will continue to establish partnerships with the nation’s most reputable retail electricity providers and grow our reach to more deregulated states throughout 2017 and beyond.
Electricity deregulation is a relatively new phenomenon, although the idea of unregulated electricity is far from new.
When electricity utilities were just getting started, there were often multiple providers directly competing in urban areas. Over the years the redundant systems in a city were purchased by one company and consolidated into a single electric utility that provided service for all residents.
At first it seemed like a good idea since it brought all the infrastructure together and made regulating electric utilities much easier. However, by the 1980s utility companies were habitually raising rates and customers were bearing the increasing cost as best they could. Talk of deregulating both gas and electricity utilities started shortly thereafter, but little progress was made into restructuring until the 1990s. Both electricity and natural gas deregulation is now commonplace in the United States.