The Pennsylvania PUC has completed regulation changes which seeks to provide consumers with more informed supplier disclosure statements.
Pennsylvania Public Utility Commission
Written by Jennifer Kocher
HARRISBURG – The Pennsylvania Public Utility Commission (PUC) today finalized regulation changes that provide electric shopping customers with greater, uniform detail in electric supplier disclosure statements and more timely information on “contract renewal” and “change in terms” notices.
The Commission voted 5-0 to approve regulations that require EGSs to display key contractual terms and conditions more prominently, especially for customers on variable-priced products; provide historical pricing data on their products; and mark prominently customer notices prior to contract expiration or changes in terms. The changes are designed to provide additional information and greater protections for residential and small business customers choosing a competitive supplier for their electric generation.
“Today’s action was about how do we be more transparent? How do we require suppliers to be more practical on educating their customers on potential price fluctuations?” said PUC Chairman Robert F. Powelson in a video news release. “More importantly, it’s called truth in advertising – making sure that the disclaimers are approved and affirmatively signed off by the customer, that they knowingly understand those terms, and we think today’s actions really set the stage for greater notification to customers. In the age of transparency, we think that’s a good thing.”
To read the entire article, please view the link below.View this News Release (external link)