Definitions for "Provider of Last Resort"
Keywords:  rep, resort, competitors, retail, arep
The designation of a party responsible for providing retail electric service if no other entity willingly seeks to provide such service.
A REP certified in Texas that has been designated by the Commission to provide a basic, standard retail service package to requesting or default customers.
A legal obligation, traditionally given to utilities, to provide service to a customer when competitors have chosen not to provide service.