WASHINGTON & HARTFORD, Conn.--(EON: Enhanced Online News)--The National Energy Marketers Association (NEM) gathered a diverse group of energy industry leaders at its Connecticut Policy Leadership Roundtable on September 11, 2013, at The Hartford Club in Hartford, Connecticut. The stakeholders engaged in a groundbreaking conversation of how to transition the standard electric utility service model using competitive market mechanisms that rely on private capital and resources to leverage the maximum benefits and maximum protections to consumers. All of the meeting participants agreed that the paramount consideration in any change to the current utility standard offer structure is the value that can be derived for consumers coupled with ensuring consumers are adequately protected in the competitive marketplace. CT DEEP Commissioner Dan Esty recognized, “the value of using private resources to build the market,” and the need to, “make the retail marketplace work for the consumer.” Esty said, “consumer choice is fundamental to Governor Malloy’s vision,” and that private sector, not government, should be relied upon to figure out the best solutions.
“competition has great value, only if the market is functioning well”
Esty stated, “competition has great value, only if the market is functioning well,” and called for increased transparency, consumer education and industry self-discipline in the retail electric market to achieve that goal. CT Consumer Counsel Elin Katz suggested that improved energy consumer protection measures should emanate from the industry itself. Craig Goodman, President of NEM, agreed with Katz noting, “NEM’s continuing efforts at industry self-regulation that build upon NEM members’ adoption of a 'Consumer Bill of Rights' and 'National Marketing Standards of Conduct.’”
Goodman stated, “NEM is pleased to have gathered leaders from CT DEEP, CT PURA Vice Chairman John W. Betkoski III, many esteemed leaders of the CT legislature’s Energy & Technology Committee, Consumer Counsel Katz as well as NEM members that are currently and look forward to serving Connecticut energy consumers as their competitive energy supplier of choice. The dialogue was remarkable and productive in that everyone agreed that Connecticut consumers must be the ultimate beneficiaries of changes to retail electric market policy and they committed to engage in future discussions based on that common ground. This can only lead to positive changes for Connecticut consumers in the future.”
NEM is a national, non-profit trade association representing wholesale and retail marketers of natural gas, electricity, as well as energy and financial related products, services, information and advanced technologies throughout the United States, Canada and the European Union. For additional information you may contact NEM's Washington, DC headquarters at (202) 333-3288 or its Web site at www.energymarketers.com.