Electricity

Regulators may cancel 27 electricity marketers/brokers’ licenses

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Platts

Pennsylvania regulators may cancel 27 electricity marketers/brokers’ licenses

In a first since Pennsylvania embarked on retail competition, more than two dozen retail electricity marketers and brokers may lose their licenses to operate in Pennsylvania under a tentative order issued by state regulators Wednesday.
The Public Utility Commission issued a tentative order canceling the licenses of 27 electricity marketers and brokers for failing to provide proof of a bond or other financial security to the commission.
“This is the first time it has been necessary to take this type of action,” said …

Electricity, Generation

Mistakes in electricity market only cut one way in Texas

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Houston Chronicle By Chris Tomlinson

Grid operator reluctant to claw back consumer’s money from generators

People make mistakes. That’s why a well-designed system makes it easy to correct mistakes simply and quickly when they happen.
Houston Public Media reported this morning a mistake that cost electricity customers tens of millions of dollars and enriched power companies, and how the Texas wholesale market has failed to correct the mistake. The scoop is a reminder of what happens when public servants become too …