FirstEnergy Solutions' decision to completely exit mass market and mid-merit retail sales, and pullback on other retail channels, is a "win for customers," GDF Suez Energy Resources NA said in a blog post, as the exit will mean, "pricing and contracts will more appropriately account for risk and the remaining suppliers will serve the long term needs of customers."

"For the past six years, the Midwest energy markets were the most competitive and irrational markets we had ever seen," Suez says in the blog.

The blog continues:

"In recent comments by GDF SUEZ’ Vice President of Marketing, JD Burrows said: 'The Midwest retail markets are beginning to show some signs of rational behavior. Pricing and Risk sharing are at market based levels and look more like the mature markets in ERCOT and New York.'"

The blog quotes Burrows as continuing, "'this most recent move by FES may look like a loss for choice and customers as a retailer exits the market; however it’s a win for customers, pricing and contracts will more appropriately account for risk and the remaining suppliers will serve the long term needs of customers.'"

See GDF Suez's blog post for more

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FirstEnergy Solutions   GDF Suez Energy Resources  

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