GDF SUEZ Energy Resources to enter Ohio retail electricity market
The move coincides with a decision by FirstEnergy to transition grid control for its Ohio transmission utilities from the Midwest ISO to the PJM Interconnection
Houston, May 4, 2011 — GDF SUEZ Energy Resources NA announced it is entering the Ohio retail electricity market, bringing expanded options for pricing, products and services to customers in the Toledo Edison, Cleveland Electric Illuminating, Ohio Edison and Dayton Power and Light territories.
The move coincides with a decision by FirstEnergy to transition grid control for its Ohiotransmission utilities from the Midwest ISO to the PJM Interconnection, a move that could cause cost increases in certain energy supply components for commercial, industrial and institutional customers.
That change becomes effective June 1, 2011; GDF SUEZ Energy Resources began pricing transactions on April 15 for service that starts in June 2011.
Customers of Toledo Edison, CEI, and Ohio Edison — all of which are FirstEnergy utilities — are most likely to feel the impact of the change from MISO to PJM.
Although Ohio restructured its markets in 2000, many customers have not taken full advantage of the opportunities that exist in a competitive marketplace.
And while there has been a recent uptick in customers switching electricity providers, the approaching shift from MISO to PJM is expected to accelerate that trend while also allowing those that have switched to consider new suppliers.
Ohio represents the 12th U.S. market served by GDF SUEZ Energy Resources, and follows the company's successful expansion into various Pennsylvania utility territories in 2009 and 2010.
Parent company GDF SUEZ Energy North America already has in its portfolio two natural gas-fired power generation facilities in the Buckeye State: the Ashtabula facility, a cogeneration facility providing the power and steam needs of a local manufacturer, and a 616 MW independent power plant in Luchey, OH.
GDF SUEZ Energy Resources NA is one of the largest non-residential retail energy suppliers in the U.S. and currently serves commercial and industrial customers in 12 markets: Delaware, Texas, Massachusetts, Maine, Maryland, New York, New Jersey, Pennsylvania, Illinois, Connecticut, Ohio, and Washington, D.C. The company serves over 73,000 accounts for customers having a peak demand ranging from 50 KW to more than 200 MW, with an estimated peak load totaling nearly 10,000 MW.