Several retail electric providers are asking whether changes to wholesale power prices could allow them to break current fixed-rate contracts with consumers.
TXU Energy, a unit of Energy Future Holdings, and NRG Energy, which owns Reliant and Green Mountain, have asked the Public Utility Commission whether they can legally break the contracts due to the changes in the wholesale prices.
“The proposed changes may negatively impact the credit or collateral obligations of some retailers and would likely trigger the ‘change in law’ provisions in existing retail contracts,” according to a Consolidated Edison Solution filing.
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Is a policy analyst consultant for TCAP, a coalition of political subdivisions in Texas that purchase electricity in the deregulated market for their own governmental use. Because energy costs are typically a significant budget item to our members, TCAP is consistently looking for ways to save our members money, through cost-saving contracts, energy efficiency or demand response programs.