Sign in Subscribe
Financial services

Electricity Broker Registration Requirements in Texas

Strategic Insights

— 1 min read

The Public Utility Commission of Texas has established strict regulations for electricity brokers in the state. According to PURA Section 39,3555, any person providing brokerage services for compensation must register with the Commission. Brokers must comply with customer protection provisions, disclose requirements, and marketing guidelines, failure to comply resulting in potential administrative penalties.

Key Takeaways:

  • The Public Utility Commission of Texas requires electricity brokers to register with the Commission, with exceptions only for those exempt under PURA Section 39.3555.
  • Brokerage services include providing advice or procurement services to retail electric customers, or acting on behalf of a retail electric customer.
  • 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.
  • Brokers must submit a completed registration form, along with a notarized affidavit, and may do so through the PUC Interchange Filer or by mail.
  • Thomas Dungan, CEO of Skylight Lending, registered with the Commission as an electricity broker on behalf of his company, with a mailing address at 800 Town and Country Blvd, Suite 500, Houston, TX 77024.

Statistics:

  • The Public Utility Commission of Texas has established regulations for electricity brokers under PURA Section 39.3555.
  • As of September 22, 2021, the deadline for registering an electricity broker is not explicitly stated in the provided text.
  • The Commission requires brokers to comply with customer protection provisions, disclosure requirements, and marketing guidelines.
  • Failure to comply with PURA or Commission rules may result in an administrative penalty.
  • The PUC Interchange Filer allows for online e-filing of registration forms and signed notarized affidavits.

Sources:

  • Public Utility Commission of Texas. Public Utility Commission of Texas (Application for Electricity Broker Registration Under Public Utility Regulatory Act (PURA) Section 39,3555).
  • Public Utility Commission of Texas. (Broker Registration Form. IA: Updated September 22, 2021. Project No. 49779)
  • Public Utility Commission of Texas. E-Filing Instructions. Online at https://www.puc.texas.gov/industry/filings/E-FilingInstructions.pdf.

Read more