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

Bill Would Apply Rate Cap To Retail Supplier Pricing

February 22,2017

A bill (HP 192) has been introduced into the Maine legislature that would cap residential prices of retail electric providers at the default service rate, on an annual basis.

HP 192 provides that, "As a condition of licensing, a competitive electricity provider may not charge a residential consumer a rate for generation service that is higher than the standard-offer service rate available to residential customers in the service territory of the transmission and distribution utility that serves that consumer."

Another bill, SP 86, would provide that a supplier, "may not continue generation service beyond months without annual express consent from the consumer."

The prohibition would apply to residential and small commercial customers

Note that, as written, the provision would not only prohibit auto-renewals, but would also prohibit contracts longer than 12 months due to the "annual" express consent requirement (ostensibly, express consent for a longer-term contract at enrollment would not qualify)

Maine   Rate Caps   Default Service   Pricing  

Comment on this story

NEW Jobs on
Executive Director -- Retail Supplier
Director/Manager Channel Sales -- Retail Supplier -- Houston
Director of Billing Operations
Analyst, Supply/Settlements -- Retail Supplier -- Houston
Manager of Supply -- Retail Provider -- Dallas

More Stories on
ERCOT Board Approves Price Corrections
Former Texas Rep. Who Led Restructuring Says Power to Choose Needs "Standardization"
ERCOT Reports Discrepancy In Calculation Of Real-Time LMPs For Certain CCGRs
Star-Telegram Backs Regulation Of REP Pricing For Failure To Pass On Tax Cut Savings
CUB Warning: Beware Of Electric Rip-Offs

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.