For many brokers and salespersons in the retail energy industry, monthly commission reporting comes with heartache and pain. How can something that seems so easy to produce and distribute, create major challenges for both retail energy suppliers and brokers, challenges which could potentially have negative economic impacts?
In November, natural gas producer Carbon Creek Energy, accomplished a groundbreaking achievement for the natural gas industry when they offered the first-ever Frack-Free Natural Gas Certificates to energy services company East Coast Power & Gas. Until now, a mechanism for authenticating and independently verifying the environmental quality of a product of this kind did not exist.
The oil giant’s big bet on Permian renewables shows how the economics of the electricity market are changing. As stories about the energy transition go, Big Oil going big on solar power in the heart of America’s biggest oil patch is as transitiony as it gets. Besides the symbolism of Exxon Mobil Corp. signing up for 250 megawatts of solar power (plus the same amount of wind power) in the Permian basin, though, it is also part of a big change gathering momentum in the country’s biggest electricity market: Texas.