New York and Connecticut Energy Broker License:
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·????????No one will be able to act as an energy broker or consultant without an Energy Broker License.
Advisors Energy Group, LLC is licensed to operate in all deregulated states.
Link to full bill below:
? New York: New York requires energy brokers and consultants to register with the Public Service Commission. The proposed registration process will include an annual $500 registration fee, demonstration of financial accountability via a $100,000 or $50,000 letter of credit, and a disclosure of fees to all customers.?
Energy brokers and consultants who continue doing business without registering with the New York Public Service Commission do so at their own risk. If you want more information about the new rules for energy brokers and consultants, details about the registration process, or any other helpful information, you can visit the New York Public Service Commission page at this link: New York Public Service Commission Energy Broker and Consultant Registration
? Connecticut: The Connecticut PURA has issued a clarification which states that, all independent brokers fall under the classification of an “aggregator” and are now required to register with PURA to conduct operations in the state. Under these new guidelines, brokers must provide their customers with quotes from multiple suppliers, all quotes available from the provided suppliers, and make it clear that their fee is paid by the customer, not the supplier. Regarding documentation, brokers are now required to provide an LOA that clearly describes the broker’s compensation, the RFP process, and the number of suppliers participating; a quote sheet listing all participating suppliers, their respective quotes, and the broker’s commission from each respective quote; and post-contract documentation that lists the contracted rate and provides a description of the supply billing method.
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