Utility Dive•11 days ago
ISO-NE opposes refund to BP Energy Retail Co. for $6M in billing errors
Key Takeaway
Developers and large power consumers in ISO-NE should monitor FERC's decision on billing error resettlements, as it will set precedents for financial risk and regulatory fairness in market operations.
AI Summary
- •ISO-NE is opposing a $6 million refund to BP Energy Retail Co. for billing errors, indicating a dispute over financial corrections within the market.
- •Eversource Energy and the Retail Energy Supply Association (RESA) are advocating for FERC to approve a broader 'resettlement' that would benefit all power suppliers affected by these errors.
- •This situation highlights potential financial uncertainties and regulatory disputes for power suppliers, IPPs, and large consumers operating in the ISO-NE market, emphasizing the importance of accurate billing and fair resolution processes.
Topics
fercfinancingpolicy