Electricity Broker Registration Requirements in Texas

The Public Utility Commission of Texas has established strict regulations for electricity brokers, requiring registration with the Commission under Public Utility Regulatory Act (PURA) Section 39.3555. Brokerage services include providing advice or procurement services to retail electric customers, and registration is mandatory for any person that provides such services for compensation or other consideration. Registered brokers must comply with customer protection provisions, disclosure requirements, and marketing guidelines established by the Commission, and failure to do so may result in an administrative penalty.

Key Takeaways:

• Brokerage services in Texas are regulated by the Public Utility Commission of Texas (Commission) under PURA Section 39.3555.
• Any person providing brokerage services for compensation or other consideration must register as a broker with the Commission.
• Brokers do not sell or take title to electric energy, but must comply with customer protection provisions, disclosure requirements, and marketing guidelines established by the Commission.
• Registered brokers are required to provide accurate and complete information on their registration form, and must notify the Commission of any substantive changes while the application is pending.
• Brokers must swear to and affirm that the registrant is authorized to do business in Texas, and understands and will comply with all applicable laws and rules.
• The registration process can be completed online through the PUC Interchange Filer, or by mailing a copy to the Commission's Central Records.

Statistics:

• As of September 22, 2021, the deadline for completing the registration form is not specified.
• The registration form must be signed and notarized, and includes a section for the applicant to swear to and affirm the accuracy of the information provided.
• According to the Public Utility Commission of Texas, a registered broker is required to provide seven copies (six copies and one original) of the registration form showing changes, if any, with the Commission's Filing Clerk.
• The Commission has established particular requirements for e-filing, which can be completed through the PUC Interchange Filer (https://interchange.puc.texas.gov/filer).

Sources:

• Public Utility Commission of Texas (PUC). (2021, September 22). Broker Registration Form.
• Public Utility Commission of Texas. (n.d.). E-Filing Instructions.