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Public Utility Commission of Texas Issues Broker Registration Requirements

Strategic Insights

— 1 min read

The Public Utility Commission of Texas has issued specific requirements for electricity broker registration, emphasizing compliance with customer protection provisions, disclosure requirements, and marketing guidelines established by the Commission.

Individuals and entities providing brokerage services for compensation must register as brokers within the Commission. This registration requires furnishing accurate and complete information, as changes to the application must be promptly notified. An administrative penalty may be assessed for failure to comply with the Public Utility Regulatory Act or Commission rules. The registrant must swear to the accuracy of the application, understand, and comply with applicable laws and rules.

Key Takeaways:

  • Brokerage services involve providing advice or procurement services to retail electric customers, or acting on their behalf, regarding the selection of a retail electric provider or products.
  • Brokers do not sell or take title to electric energy.
  • 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 accurately, with all relevant information provided.
  • Substantive changes to the application must be reported promptly.
  • The owner, partner, or officer of the registrant must swear to the accuracy and completeness of the application.

Statistics:

  • 7: The number of copies of the registration form required to be filed with the Commission in case of substantive changes.
  • 6: The number of copies and 1 original required for filing changes with the Commission's Filing Clerk.
  • 71: The mailing address for the Public Utility Commission of Texas.
  • 1701 N. Congress Ave.: The specific address for the Public Utility Commission of Texas.

Sources:

  • Public Utility Commission of Texas, "Control Number: 49779 Item Number: 4783 Public Utility Commission of Texas Application for Electricity Broker Registration"

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