The diverse backgrounds of the MP2 team combine technical and software expertise of retail electric provider (REP) operations with wholesale and risk management capabilities.
The company claims that it has best in class risk management, back-office, billing, and customer service platforms developed specifically for serving retail loads in ERCOT.
MP2 Energy is pursuing several asset management and M&A opportunities in ERCOT and other markets. The combination of fuel procurement expertise and financial strength coupled with the company’s experience in optimizing power assets using the APX driven SCADA platform is expected to enable MP2 Energy to present a cost transparent platform to third-party asset owners.
Brandon Schwertner, CEO of MP2 Energy, said: “We are excited to begin serving customers in this new venture. The competitive credit terms, our long history in ERCOT, market knowledge and exceptional access to wholesale supply, will allow us to deliver the lowest possible price and best value proposition to our customers.”
Based in the Woodlands, Texas, MP2 Energy operates as a level 4 QSE in ERCOT with 24×7 operations and provides power and gas scheduling for over 700MW of capacity. The company also manages approximately 220MW of LaaR and over 30MW of EILS demand response.
