NY Retail Electricity Order Is Likely To Face Opposition

Law360, New York (February 29, 2016, 10:42 AM EST) -- Florence K.S. Davis

Thomas C. Havens In an order issued Feb. 23,[1] the New York Public Service Commission took the surprising step of effectively and prospectively shutting down the competitive retail electricity market in the state for the majority of residential and small commercial (mass market) customers. The order would limit energy service companies (ESCOs) to serving mass market customers under contracts that either (1) guarantee customer cost savings in comparison to utility rates or (2) guarantee that the energy delivered to mass market customers consists of at least 30 percent renewable energy.

This limit would apply not only to new...

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