Retail choice definition
Examples of Retail choice in a sentence
Retail choice allows customers to decide if they want to purchase electricity from the electricity utility that had previously provided service in their area (also known as the default service provider), or from a different retail supplier.
Retail choice can only develop and proliferate efficiently if the alternative to retail choice – BGS – is efficiently priced.1 As currently structured by the BPU, the BGS Auction Process ensures that BGS is efficiently priced.
To accomplish these policy objectives, EDECA directed the Board to implement “retail choice.” Retail choice allows retail electric customers to be given the choice of shopping directly for their electric service or opting not to shop and to receive BGS.EDECA is quite clear on the subject of power procurement for BGS: “Power procured for basic generation service by an electric power supplier shall be purchased at prices consistent with market conditions.” (N.J.S.A. 48:3-57d).
Retail choice, which has provided some benefits for commercial and industrial customers in Maine, could be supported under the Market Reform Option, while other alternatives may not be able to support a retail market here.
Retail choice protects customers from affiliate abuse only to the extent they have a choice to undertake generation costs.
Retail choice was established through individually negotiated utility settlement agreements, resulting in a phased in approach to retail competition.
Representative issues:· Retail choice by current customers of municipal power suppliers.· Retail electric power sales by municipal power suppliers to customers outside their municipal distribution systems.
Accordingly, no additional facilities are to be installed or modified by the Participants in order for each of the Emera Energy Services Subsidiaries to become a Participant in NEPOOL pursuant to the Second Restated NEPOOL Agreement.
Retail choice has introduced dynamic pricing programs and new services, and it has encouraged the growth of renewable energy.
Retail choice gives consumers freedom to shop for electricity providers that offer a variety of different types of electricity plans, including fixed rate plans, variable rate plans and index rate plans, with the rules for each type of plan set by the PUCT.6 Griddy’s business model was simple.