Massachusetts
shopping jumps
following regulator action
Competitive suppliers’ market share grew 50%
from January to April reaching over a third of kwh sold.
Shoppers
grew to 8.6% from 3.2% in January.
Shopping
zoomed in all customer classes -- even residential -- as shoppers
more than tripled once governmental aggregator Cape Light Compact
began supplying former SOS customers it couldn’t save money
before ...
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Dominion
fears gas price spikes,
urges
PUC quick action
Shoppers
saved $27 million since DEO’s market opened in 2000, the utility
told regulators, but it worries that prices may spike and it may
not have contracts for enough gas to serve returning droves of customers.
And that's why the utility is eager
to get out of the merchant role.
DEO expects marketers to pour into
its market once non-shoppers rates -- gas cost recovery (GCR) or
price-to-beat -- are based on known adders to the NYMEX monthly
closing prices.
DEO is pushing the plan because its
customers are shopping in large numbers thus boosting its (and ratepayers’)
risks in buying gas for non-shoppers ...
Virginia
told to look elsewhere
to learn how to do markets
Virginia
regulators are required each year to ask whether the retail market
has developed to the point where default service isn't needed.
The answer, of course, always
is the same -- a resounding no.
The continent's largest marketer
has decided that despite fine-tuning, Virginia's law "has
failed to live up to its potential," Direct Energy (Centrica)
told the State Corporation Commission (SCC) ...
Select's
Fabiani tells of northeast
market advances
In the Northeast
competition works, Stephen Fabiani told last week's Globalcon 2005
conference.
In PJM's original core markets
9,654 mw of load has switched suppliers, said the vice president
of retail sales and marketing for Select Energy (Northeast Utilities)
-- one of the Northeast's biggest C&I retailers.
C&I shopping has captured
16% of load in the nation's capital, 7% in Delaware, 41% in Maryland,
30% in New Jersey and 10% in Pennsylvania ...
Three former
Reliant employees have formed a new wholesale group with the intent
of providing competitive retailers with an alternate source of supply.
It's Keystone Energy Partners
and the initial focus will be limited to ERCOT.
Scott Ireland, Keith Volf and Alex
Elsik, who were in various supply roles at Reliant, have formed
the company with three former executives of Pendaries Petroleum
...
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