U.S. Competitive Retail Energy Markets Face Slew of Oversight Bills Amid Growing Calls for Consumer Safeguards

EnerKnol’s Visual Primer – U.S. Competitive Retail Energy Markets Face Slew of Oversight Bills Amid Growing Calls for Consumer Safeguards

EnerKnol Impacts, EnerKnol Research Reports, EnerKnol Visual Primer, Power & Utilities, PRODUCTS, REC Feed, Retail Power, Retail Power and Gas

More than half of U.S. states with competitive retail energy markets face proposals for stricter oversight rules from lawmakers, including measures to phase out the industry altogether, as efforts mount to put in place more consumer protections. Just five months into most states’ legislative sessions, over two dozen proposals have emerged to toughen rules around billing and marketing practices, licensing and registration and contractual terms.

AEP Subsidiary Reaches Settlement, Slashing Rate Hike Request by Almost Half

AEP Subsidiary Reaches Settlement, Slashing Rate Hike Request by Almost Half

EnerKnol Impacts, EnerKnol Pulse, Power & Utilities, Retail Power, Retail Power and Gas

The Public Service Company of Oklahoma reached a proposed settlement seeking a revenue increase of $46 million, down from the originally requested $88 million, according to a Feb. 27 press release by the Oklahoma Corporation Commission. The settlement would raise monthly residential electric bills by about $2.38 compared to an increase of $7 that would…...

Duke Energy to Return Nearly $240 Million in Federal Tax Cut Savings to Ohio Electric Customers

Duke Energy to Return Nearly $240 Million in Federal Tax Cut Savings to Ohio Electric Customers

EnerKnol Impacts, EnerKnol Pulse, Power & Utilities, Retail Power, Retail Power and Gas

The Ohio Public Utilities Commission on Feb. 20 approved rate reductions for Duke Energy’s electric customers to account for the federal tax law, which slashed the corporate income tax rate to 21 percent from 35 percent, effective Jan. 1, 2018. Customers will see a $2.13 decrease in their monthly bills. The company will refund $8.1 million…...

Texas Regulator Lays Out Inquiry into Role of Storage in Energy Market

National Grid’s Rate Adjustments to Slash Rhode Island Residential Bills by 2.6 Percent

EnerKnol Impacts, EnerKnol Pulse, Power & Utilities, Retail Power, Retail Power and Gas

National Grid plc asked the Rhode Island Public Utilities Commission to approve rate adjustments stemming from reconciliations for various costs from January through December 2018, according to a Feb. 15 filing. The company said that the overall impact of the changes would result in a decrease of $3.07, from $118.51 to $115.44, in monthly residential…...

Ohio’s Renewable Energy Compliance Requirements

Competitive Suppliers Accounted for 77 Percent of Ohio’s Renewable Energy Compliance Requirements in 2017: Report

EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, Power & Utilities, REC Feed, Renewable Energy Credit Market, Renewables, Retail Power, Retail Power and Gas, Solar, Solar Power, Wind, Wind Power

The compliance obligations under Ohio’s renewable portfolio standard have been shifting from electric distribution companies to competitive retail suppliers as consumers are exercising their choice of electric service providers, according to a Feb. 11 draft annual report by the Ohio Public Utilities Commission staff. Competitive suppliers were responsible for about 77 percent of Ohio’s overall…...

PG&E to Seek Bankruptcy Protection Amid Wildfire Liability

PG&E to Seek Bankruptcy Protection Amid Wildfire Liability

EnerKnol Impacts, EnerKnol Pulse, Power & Utilities, Retail Power, Retail Power and Gas

PG&E Corporation announced it intends to reorganize under Chapter 11 of the U.S. bankruptcy code as it faces billions of dollars in potential liability resulting from the 2017 and 2018 Northern California wildfires, according to a Jan. 14 press release. The move comes a day after Geisha Williams stepped down as CEO. The company said…...

California Begins Process to Determine Wildfire Cost Recovery Amid PG&E’s Troubles

California Begins Process to Determine Wildfire Cost Recovery Amid PG&E’s Troubles

EnerKnol Impacts, EnerKnol Pulse, Power & Utilities, Retail Power, Retail Power and Gas

The California Public Utilities Commission on Jan. 10 opened a docket to implement the provisions of Senate Bill 901 enacted last year, allowing utilities to pass some of their costs to ratepayers. The commission said it will adopt a methodology for wildfire cost recovery, but will not adopt any specific financial outcome for future applications…....

Virginia Regulator Clears Appalachian Power’s Voluntary Renewable Power Program

Virginia Regulator Clears Appalachian Power’s Voluntary Renewable Power Program

EnerKnol Impacts, EnerKnol Pulse, Power & Utilities, Retail Power, Solar, Wind

The Virginia State Corporation Commission on Jan. 7 approved Appalachian Power Company’s proposal that allows customers the option to meet 100 percent of their electricity needs from renewable energy resources. Participating customers would pay a premium of $4.25 a month above the standard electric rate. State law permits utilities to design a tariff that customers…...

Electric Utility Customer Savings to Top $10 Billion in Tax Reform Windfall

Electric Utility Customer Savings to Top $10 Billion in Tax Reform Windfall

EnerKnol Insights, EnerKnol Research Reports, Power & Utilities, PRODUCTS, Retail Power

The Trump Administration enacted the largest tax cut in over 30 years in 2018. The historic reductions are having a seismic impact on dozens of investor-owned electric utilities across the nation, leaving them with billions of dollars in over-collected revenues and slashing the rates they can charge consumers. EnerKnol’s first-of-its-kind report provides a comprehensive snapshot…...

Expanding Retail Electricity Market Prompts Tighter Oversight From States

EnerKnol Insights – Expanding Retail Electricity Market Prompts Tighter Oversight From States

EnerKnol Insights, EnerKnol Research Reports, Legacy Insights, Power & Utilities, PRODUCTS, Retail Power

An increasing number of electricity customers are gaining access to the competitive retail market, giving them a broader range of choices in suppliers of electric power. In a bid to ensure a more competitive and transparent market, states are strengthening rules on marketing by suppliers. Among recent actions, New York is examining the status of cybersecurity in the retail access industry, while Maryland is considering enhancements to the competitive market and customer choice framework.

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