Sign in Subscribe
Financial services

Electricity Broker Registration Requirements in Texas

Strategic Insights

— 1 min read

The Public Utility Commission of Texas has established specific requirements for electricity broker registration. Pursuant to the Public Utility Regulatory Act (PURA), any person providing brokerage services for compensation or other consideration must register as a broker with the Commission. The registration process involves submission of a completed registration form, signed affidavit, and payment of applicable fees.

Key Takeaways:

  • Brokerage services are defined as providing advice or procurement services to retail electric customers or acting on their behalf in selecting a retail electric provider.
  • Registered brokers must comply with customer protection provisions, disclosure requirements, and marketing guidelines established by the Commission.
  • Failure to comply with PURA or Commission rules may result in an administrative penalty.
  • The registration form must be completed in full, providing all relevant information.
  • Substantive changes to the application must be notified to the Commission promptly.
  • The affidavit must be sworn to and affirmed by the owner, partner, or officer of the registrant.
  • The registrant must swear to and affirm that they are authorized to do business in Texas and will comply with applicable laws and rules.

Statistics:

  • There is no specific fee mentioned in the document.
  • The document must be completed in six copies (five copies and one original) and submit seven copies to the Commission's Filing Clerk.
  • The applicant must list their customer service contact person, including their name, title, business mailing address, email address, and telephone number.
  • The registrant must also provide the name, business mailing address, telephone number, and email address of a person who Commission Staff may contact.

Sources:

  • Public Utility Commission of Texas. Electricity Broker Registration Form. Updated September 22, 2021.
  • Public Utility Commission of Texas. Filing Instructions. Retrieved from https://www.puc.texas.govindustry/filings/E-FilingInstructions.pdf.

Read more