Energy Broker, Supplier & Aggregator Licensing
Most states regulate the sale of natural gas and electric energy to consumers and providers. Any company engaging in the business as an energy supplier, energy broker, or energy aggregator must first obtain the applicable business license. The licensing specialists at LicenseLogix have experience in assisting companies in the energy industry with their licensing requirements. Let us streamline the process of obtaining and maintaining the appropriate business licenses.
State licenses are required for energy services because of the state’s interest in tracking energy providers, monitoring local energy markets, and regulating the sale of electricity and natural gas. These energy industry license applications often include extensive educational and experience background information on all owners of the business entity. Proof of financial fitness must often be provided through a surety bond, current financial statement, and forecasted financial outlook of the business. Many times energy broker license applications automatically become a matter of public record once submitted. Applicants must file a motion of protective order to request the application remain confidential. Most licenses require annual reports and annual or biennial renewals.
Ramifications of Non-Compliance
Energy broker licenses, energy supplier licenses and energy aggregator licenses often require dutiful ongoing maintenance. Licensees must submit annual reports, license renewals, and keep the state appraised of any changes in their management and scope of business. Failure to properly maintain a license can lead to fines and censure. Unlicensed operation of energy services will be penalized with high fines, cease and desist orders, and permanent revocation of a license.
How we help your business:
- We stay up-to-date with changing requirements and forms so you can focus on the job at hand.
- We complete license applications efficiently and correctly, allowing your in-house staff to save valuable time struggling to obtain the proper licenses.
- Once your license has been issued, we ensure that you remain compliant with all licensing laws.
More Resources:- Federal Energy Regulatory Commission
- National Association of Energy Service Companies
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