INSIGHTSSERIES
Power & Utilities | Retail Power
February 5, 2024
States Examine Retail Electricity Market Regulations to Ensure Fair Pricing and Consumer Safeguards
Reforms to retail energy markets range from stringent market entry rules to stronger oversight to help avoid deceptive sales practices and inflated prices.
For years now, lawmakers and regulators across the U.S. have intensified their scrutiny of the competitive electricity market for residential consumers in order to address…Read the full report
Key Takeaways
- Maryland lawmakers have proposed retail energy market reforms that would impose restrictions on electricity supplier contract terms and prices, update supplier licensing requirements, and allow utilities to market standard offer service.
- The New York Public Service Commission has finalized new rules prohibiting utilities and energy service companies from engaging in detrimental conduct toward residential customers.
- Connecticut regulators are proposing to revise electric supplier licensing regulations including increasing the frequency of the license review process and updating financial, cyber, and data security requirements.
