(Reuters) – Texas electric regulators are not aware of any investigation of trading activity in the state’s $30 billion wholesale market by the U.S. Commodity Futures Trading Commission, an agency spokesman said on Wednesday.
Trade publication Energy Risk, citing unnamed sources, said the CFTC has been looking into bidding activity by GDF Suez’ North American energy unit in the Electric Reliability Council of Texas, the agency which oversees the state’s real-time power market.
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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.