Assembly requires notice and consumer acknowledgment for ESCO material changes
Lawmakers passed a bill declaring price changes and other material changes by energy service companies (ESCOs) to be subject to explicit consumer notice and acknowledgement, requiring notice 30–60 days before renewal; critics warned of operational burden and potential loss of variable-rate options.
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Sponsor Dinowitz described legislation that would declare a change in price or type of price for an energy service to be a material change requiring consumer acknowledgment and disclosure. The bill requires ESCOs to provide written notice of renewal terms and inform customers they may decline renewal no less than 30 and no more than 60 days prior to renewal.
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