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U.K. Retail Supplier, Founded By FinTech Execs, Receives Finding That Initial New York ESCO Eligibility Requirements Have Been Met
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New York Department of Public Service Staff have informed Fuse Energy NY LLC that all requirements for its initial state of eligibility as an ESCO have been satisfied
As exclusively first reported by EnergyChoiceMatters.com, Fuse Energy is a retail energy supplier for both residential and commercial customers in the United Kingdom which is expanding to the United States
King Lun Alan Chang serves as Group CEO of Fuse Energy and is one of its founders. Chang previously served as Chief Revenue Officer at Revolut, a fintech company and app-based "neobank"
Fuse is said to consist of a group of engineers and thinkers from Revolut, Tesla, and Voltalia
See full background on Fuse in our prior story here
For mass market customers, Fuse received initial eligibility to offer all standard compliant product types (i.e., Fixed Rate with 5% Cap; Guaranteed Savings; Compliant Renewable)
DPS Staff's letter to Fuse Energy NY LLC notes that Fuse Energy NY LLC may now continue with the utility approval state of the eligibility process, and that DPS Staff confirmation is still needed for final eligibility
DPS Staff informed Fuse Energy NY LLC that, "Once you have satisfactorily completed the utility eligibility stage, Staff will be notified by the utility of your success. Please notify Staff of the actual production date in the utility service territories you intend to enroll customers. At that point Staff will confirm your final eligibility requirements have been satisfied."
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July 1, 2024
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Copyright 2024 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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