WHAT IS THE NY PSC RESET ORDER?
On December 12, 2019, the NY Public Service Commission (PSC) moved forward to strengthen protections for residential and small commercial customers (mass-market customers) in the retail energy market by severely restricting how energy companies (ESCOs) can do business in the State. The goal is to protect these customers by remedying unfair business practices that have been used by various retail energy market participants and by adopting limitations on the types of products that may be offered to mass-market customers by energy services companies to ensure that those customers are receiving value from the retail energy market.
In the near future, all ESCOs will be restricted in their offerings, except for one. That one exception is Agway Energy Services. The Commission provided Agway with an exception and the “opportunity to continue to offer its EnergyGuard™ service, due to the specific, credible evidence Agway submitted regarding the energy-related value of this product.1”
1 15-M-0127 Order Adopting Changes to the Retail Access Energy Market and Establishing Further Process 12.12.19.pd, page 23.