{"id":1248,"date":"2021-03-12T15:28:17","date_gmt":"2021-03-12T21:28:17","guid":{"rendered":"http:\/\/www.ohenergyratings.com\/blog\/?p=1248"},"modified":"2021-03-12T15:28:17","modified_gmt":"2021-03-12T21:28:17","slug":"do-ohio-energy-providers-go-bust","status":"publish","type":"post","link":"https:\/\/www.ohenergyratings.com\/blog\/do-ohio-energy-providers-go-bust\/","title":{"rendered":"Do Ohio Energy Providers Go Bust?"},"content":{"rendered":"
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It’s rare for Ohio energy providers to fail. When Entrust Energy defaulted on its bills, PUCO stepped in to ensure customers’ lights stayed on. Here’s what you can do if it ever happens to you.<\/em><\/center><\/figcaption><\/figure>\n

What Happens To Customers When Energy Providers Fail<\/b><\/h2>\n

February’s big Texas Freeze<\/a>\u00a0sent energy prices in the Lone Star state sky high. So high that\u00a0Entrust Energy<\/strong>\u00a0soon failed to pay what it owed in the electricity market for Ohio.\u00a0 The news hit Entrust<\/strong> customers in three utility\u00a0service\u00a0<\/span>territories. Since then, some customers worry they will be left in the dark if their energy provider fails. For that reason, we’re going to shine light on what happens when Ohio energy providers\u00a0go bust. We’ll break down what happens to a supplier and what their customers can do.<\/p>\n

What\u2019s Happening To Entrust Energy?<\/span><\/h3>\n

After the storm, Entrust\u00a0<\/b>owed\u00a0$234 million<\/a>\u00a0to power companies in Texas.\u00a0Unable to pay,\u00a0ERCOT<\/strong> revoked the company’s right to sell electricity in Texas. These high costs then forced\u00a0Entrust Energy<\/strong> to default on its February 23\u00a0payments in the PJM energy market<\/a>.\u00a0As a result, Entrust<\/strong> told PUCO<\/strong> it could not supply its Ohio customers. The company then shut down and closed its doors in Ohio and other states, as well.<\/p>\n

What Will Happen To Entrust Energy Customers?<\/span><\/h3>\n

A few companies are still struggling in Texas. However, most Ohio energy providers\u00a0are stable.\u00a0<\/strong>The current\u00a0default case affects just 3,500 customers<\/a>\u00a0in these service areas:<\/p>\n