Energy Services Group, the leading provider of billing and transaction management services for energy companies, recently certified 19 Texas clients to the new ERCOT protocol standard referred to as Texas Secure Electronic Transactions (TXSET v. 1.5). The protocol upgrade is the culmination of over 9 months of effort on behalf of the market participants to mitigate many of the data anomalies encountered in the first two years of the Texas Electric Choice Program.
ESG represents 17 of ERCOT's retail electric providers and the first two cooperative distribution companies to opt into the ERCOT competitive market. Clients increase quality, reduce costs, and gain speed to market by using ESG's outsourced transaction management services for market entry and certification, customer profiling and switching, usage, consolidated billing and settlement. ESG is the first billing and transaction management company to complete certification of the ERCOT muni/co-op standards, and the first to support utility-consolidated billing environments in ERCOT.
ESG's guarantee of lifetime market certification gives clients the benefit of TXSET version upgrades at no additional cost. The guarantee helps clients manage regulatory risks and reduces hidden costs of technology upgrades. ESG offers guaranteed compliant billing and transaction management services in every competitive energy market nationwide. Whether changes to business rules, protocols or transactions, ESG manages all modifications to billing and transaction protocols behind the scenes with no interruption of services.
"The Texas Electric Choice Program is an outstanding example of commitment to a competitive market design where free market forces and continuing investment on the part of market participants are eliminating pricing risks and delivering real savings," said Nate Owen, ESG's President and Chief Executive Officer. ESG's protocol upgrade has been handled transparently for our clients and, more importantly, their customers, and we are pleased to see significant regulatory and systems risks eliminated from the Texas market. While the investment has been substantial by all parties, the Texas market design and operation is such that all participants are seeing a positive return. About Energy Services Group
Energy Services Group, Inc. (ESG), with headquarters in Massachusetts, and offices in Houston is the strategic source for outsourced electronic transaction management and billing services tailored to meet the requirements of competitive natural gas and electricity markets. Utilizing systems supported by experienced energy professionals, ESG enables distribution companies, energy retailers and wholesalers to successfully operate in the nation's rapidly evolving competitive energy markets. ESG supports over 50 industry leading clients in more than 200 energy trading partner marketplaces. For more information visit: www.EnergyServicesGroup.net
Energy Services Group, Inc.
Bob Potter, VP Sales; Pembroke, MA; (603) 868-2702; sales@energyservicesgroup.net
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