The proposed bill, titled "An Act modernizing competitive energy supply," aims to enhance the competitive energy market in Massachusetts by introducing several key amendments to Chapter 164 of the General Laws. Notably, the bill defines "energy marketer" and mandates that distribution companies implement accelerated switching for electric customers, allowing them to change suppliers within three business days. It also requires the Department to facilitate a single bill format for retail electric suppliers, which will include both energy and distribution-related charges, and mandates that suppliers provide detailed billing information to customers. Additionally, the bill establishes a training program for licensed competitive suppliers and imposes stricter regulations on marketing practices, including the use of third-party verification for door-to-door sales.

Furthermore, the bill introduces new provisions to protect low-income customers by prohibiting suppliers from executing new contracts with them and establishing a competitive procurement process for their energy supply. Suppliers will be required to provide advance notices before contract renewals, avoid early cancellation fees, and disclose any material changes in contract terms. The bill also enhances oversight by creating an Office of Retail Market Oversight, which will monitor competitive conditions and address violations by suppliers. The penalties for non-compliance with these regulations are set at a minimum of $10,000 per violation per day, with additional enforcement measures available to the Attorney General. Overall, the bill seeks to promote transparency, consumer protection, and competition within the energy supply market in Massachusetts.

Statutes affected:
Bill Text: 164-1, 164-1D