Readers could have seen your ad here when reading this story. Email
       Events        Jobs        Contact        Migration Stats        Supplier Lists        Municipal Aggregation

Texas Senate Committee Hears Support For Bill Which Would Regulate Brokers

March 19,2019

The Texas Senate Business & Commerce Committee this morning heard testimony on SB 1497

As exclusively first reported by, S.B. No. 1497 would require brokers to be registered with the PUC

Under the bill, "brokerage services" means providing advice or procurement services to, or acting on behalf of, a retail electric customer regarding the selection of a retail electric provider, or the product or service of a retail electric provider, or selling or attempting to sell retail electric products or services offered by retail electric providers to retail electric customers, including online services.

Under the bill, a person may not provide brokerage services for compensation or other consideration unless the person is registered with the PUC as a broker.

Groups representing brokers as well as retail electric providers testified in support of the bill. Representatives from 5 as well as The Energy Professionals Association (TEPA) testified in support of the bill

A representative of the Texas Energy Association for Marketers noted that TEAM was working with the bill's author to ensure that the term broker is defined to not include agents or vendors engaged by retail electric providers, who are acting as representatives of the REP, for which the REP is currently responsible for such agent's actions (and therefore there is already regulation of such agents through the REP).

Texas   Brokers  

Comment on this story

NEW Jobs on
Business-Development-Manager -- Retail Supplier -- Texas - Houston
Business-Development-Manager -- Agent, Broker, Consultant -- New Jersey
Energy-Sales-Broker -- Agent, Broker, Consultant -- Pennsylvania
Retail-Energy-Channel-Manager -- Retail Supplier -- New York
Chief-Operating-Officer -- Retail Supplier -- New York

More Stories on
Texas Senate Passes Bill Requiring Study Of Impact Of Renewable Subsidies
DaVita Contracts To Take Wind Power From Texas Wind, Solar Plants
Statesman: Austin Energy Customers Still Deserve Answers On Biomass Plant
Texas Bill Making Critical Care Electric Bills A Priority Claim Under Estate Code Advances
ERCOT Phase I Of Use Of Actual Interval Data For IDR ESI IDs For Initial Settlement Starts May 1

comments powered by Disqus

Advertise here:

Events Jobs Contact Migration Stats Supplier Lists Municipal Aggregation

About Disclaimer Privacy Terms of Service


Developed by: Avidweb Technologies inc.