{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/56-588.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/56-588.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/56-588.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/56-588.html"}],"law_id":69085,"edition_id":1,"section_id":69085,"structure_id":13084,"section_number":"56-588","catch_line":"Licensing of aggregators","history":"1999, c. 411; 2000, c. 991.","full_text":"A\n\nAs a condition of doing business in the Commonwealth, each person seeking to act as an aggregator within this Commonwealth on and after January 1, 2002, shall obtain a license from the Commission to do so. The license shall authorize that person to act as an aggregator until the license expires or is otherwise terminated, suspended or revoked. Licensing pursuant to this section, however, shall not relieve any person seeking to act as a supplier of electric energy from their obligation to obtain a license as a supplier pursuant to § 56-587.B\n\nAs a condition of obtaining, retaining and renewing any license issued pursuant to this section, a person shall satisfy such reasonable and nondiscriminatory requirements as may be specified by the Commission, which may include requirements that such person (i) provide background information; (ii) demonstrate, in a manner satisfactory to the Commission, financial responsibility; (iii) post a bond as deemed adequate by the Commission to ensure that financial responsibility; (iv) pay an annual license fee to be determined by the Commission; and (v) pay all taxes and fees lawfully imposed by the Commonwealth or by any municipality or other political subdivision of the Commonwealth. In addition, as a condition of obtaining, retaining and renewing any license pursuant to this section, a person shall satisfy such reasonable and nondiscriminatory requirements as may be specified by the Commission, including, but not limited to, requirements that such person demonstrate technical capabilities as the Commission may deem appropriate. Any license issued by the Commission pursuant to this section may be conditioned upon the licensee, if acting as a supplier, furnishing to the Commission prior to the provision of electricity to consumers proof of adequate access to generation and generation reserves.C\n\nIn establishing aggregator licensing schemes and requirements applicable to the same, the Commission may differentiate between (i) those aggregators representing retail customers only, (ii) those aggregators representing suppliers only, and (iii) those aggregators representing both retail customers and suppliers.D\n\n1. The Commission shall establish a reasonable period within which any retail customer may cancel, without penalty or cost, any contract entered into with an aggregator licensed pursuant to this section.2\n\nThe Commission may adopt other rules and regulations governing the requirements for obtaining, retaining, and renewing a license to aggregate electric energy to retail customers, and may, as appropriate, refuse to issue a license to, or suspend, revoke, or refuse to renew the license of, any person that does not meet those requirements.","order_by":null,"text":{"0":{"id":250048,"text":"As a condition of doing business in the Commonwealth, each person seeking to act as an aggregator within this Commonwealth on and after January 1, 2002, shall obtain a license from the Commission to do so. The license shall authorize that person to act as an aggregator until the license expires or is otherwise terminated, suspended or revoked. Licensing pursuant to this section, however, shall not relieve any person seeking to act as a supplier of electric energy from their obligation to obtain a license as a supplier pursuant to § 56-587.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":250049,"text":"As a condition of obtaining, retaining and renewing any license issued pursuant to this section, a person shall satisfy such reasonable and nondiscriminatory requirements as may be specified by the Commission, which may include requirements that such person (i) provide background information; (ii) demonstrate, in a manner satisfactory to the Commission, financial responsibility; (iii) post a bond as deemed adequate by the Commission to ensure that financial responsibility; (iv) pay an annual license fee to be determined by the Commission; and (v) pay all taxes and fees lawfully imposed by the Commonwealth or by any municipality or other political subdivision of the Commonwealth. In addition, as a condition of obtaining, retaining and renewing any license pursuant to this section, a person shall satisfy such reasonable and nondiscriminatory requirements as may be specified by the Commission, including, but not limited to, requirements that such person demonstrate technical capabilities as the Commission may deem appropriate. Any license issued by the Commission pursuant to this section may be conditioned upon the licensee, if acting as a supplier, furnishing to the Commission prior to the provision of electricity to consumers proof of adequate access to generation and generation reserves.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":250050,"text":"In establishing aggregator licensing schemes and requirements applicable to the same, the Commission may differentiate between (i) those aggregators representing retail customers only, (ii) those aggregators representing suppliers only, and (iii) those aggregators representing both retail customers and suppliers.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":250051,"text":"1. The Commission shall establish a reasonable period within which any retail customer may cancel, without penalty or cost, any contract entered into with an aggregator licensed pursuant to this section.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"D2"},"4":{"id":250052,"text":"The Commission may adopt other rules and regulations governing the requirements for obtaining, retaining, and renewing a license to aggregate electric energy to retail customers, and may, as appropriate, refuse to issue a license to, or suspend, revoke, or refuse to renew the license of, any person that does not meet those requirements.","type":"section","prefixes":["D","2"],"prefix":"2","entire_prefix":"D2","prefix_anchor":"D2","level":2,"prior_prefix":"D"}},"ancestry":[{"id":13084,"edition_id":1,"name":"Virginia Electric Utility Regulation 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sharing program","url":"\/56-596.6\/","token":"56\/23\/56-596.6","metadata":false}],"previous_section":{"id":63919,"structure_id":13084,"section_number":"56-587","catch_line":"Licensure of retail electric energy suppliers and persons providing other competitive services","url":"\/56-587\/","token":"56\/23\/56-587","metadata":false},"next_section":{"id":57502,"structure_id":13084,"section_number":"56-589","catch_line":"Municipal and state aggregation","url":"\/56-589\/","token":"56\/23\/56-589","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/56-588\/","history_text":"

This law was first created in 1999. The record of its establishment is cataloged in chapter 411<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2000, chapter 991<\/a>.<\/p>","references":[{"id":63919,"section_number":"56-587","catch_line":"Licensure of retail electric energy suppliers and persons providing other competitive services","order_by":null,"url":"\/56-587\/"},{"id":57502,"section_number":"56-589","catch_line":"Municipal and state aggregation","order_by":null,"url":"\/56-589\/"}],"refers_to":false,"permalink":{"id":250755,"object_type":"law","relational_id":69085,"identifier":"56-588","token":"56\/23\/56-588","url":"\/56-588\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/56-588\/","token":"56\/23\/56-588","dublin_core":{"Title":"Licensing of aggregators","Type":"Text","Format":"text\/html","Identifier":"\u00a7 56-588","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> As a condition of doing business in the Commonwealth, each person<\/span> seeking to act as an aggregator<\/span> within this Commonwealth on and after January 1, 2002, shall obtain a license from the Commission<\/span> to do so. The license shall authorize that person<\/span> to act as an aggregator<\/span> until the license expires or is otherwise terminated, suspended or revoked. Licensing pursuant to this section, however, shall not relieve any person<\/span> seeking to act as a supplier<\/span> of electric energy from their obligation to obtain a license as a supplier<\/span> pursuant to § 56-587<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> As a condition of obtaining, retaining and renewing any license issued pursuant to this section, a person<\/span> shall satisfy such reasonable and nondiscriminatory requirements as may be specified by the Commission<\/span>, which may include requirements that such person<\/span> (i) provide background information; (ii) demonstrate, in a manner satisfactory to the Commission<\/span>, financial responsibility; (iii) post a bond<\/span> as deemed adequate by the Commission<\/span> to ensure that financial responsibility; (iv) pay an annual license fee to be determined by the Commission<\/span>; and (v) pay all taxes and fees lawfully imposed by the Commonwealth or by any municipality<\/span> or other political subdivision of the Commonwealth. In addition, as a condition of obtaining, retaining and renewing any license pursuant to this section, a person<\/span> shall satisfy such reasonable and nondiscriminatory requirements as may be specified by the Commission<\/span>, including, but not limited to, requirements that such person<\/span> demonstrate technical capabilities as the Commission<\/span> may deem appropriate. Any license issued by the Commission<\/span> pursuant to this section may be conditioned upon the licensee, if acting as a supplier<\/span>, furnishing to the Commission<\/span> prior to the provision of electricity to consumers proof of adequate access to generation and generation reserves. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> In establishing aggregator<\/span> licensing schemes and requirements applicable to the same, the Commission<\/span> may differentiate between (i) those aggregators<\/span> representing retail customers<\/span> only, (ii) those aggregators<\/span> representing suppliers<\/span> only, and (iii) those aggregators<\/span> representing both retail customers<\/span> and suppliers<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> 1. The Commission<\/span> shall establish a reasonable period within which any retail customer<\/span> may cancel, without penalty<\/span> or cost, any contract<\/span> entered into with an aggregator<\/span> licensed pursuant to this section. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> The Commission<\/span> may adopt other rules and regulations governing the requirements for obtaining, retaining, and renewing a license to aggregate electric energy to retail customers<\/span>, and may, as appropriate, refuse to issue<\/span> a license to, or suspend, revoke, or refuse to renew the license of, any person<\/span> that does not meet those requirements. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nLICENSING OF AGGREGATORS (\u00a7 56-588)\n\nA. As a condition of doing business in the Commonwealth, each person seeking to\nact as an aggregator within this Commonwealth on and after January 1, 2002,\nshall obtain a license from the Commission to do so. The license shall authorize\nthat person to act as an aggregator until the license expires or is otherwise\nterminated, suspended or revoked. Licensing pursuant to this section, however,\nshall not relieve any person seeking to act as a supplier of electric energy\nfrom their obligation to obtain a license as a supplier pursuant to §\n56-587.\n\nB. As a condition of obtaining, retaining and renewing any license issued\npursuant to this section, a person shall satisfy such reasonable and\nnondiscriminatory requirements as may be specified by the Commission, which may\ninclude requirements that such person (i) provide background information; (ii)\ndemonstrate, in a manner satisfactory to the Commission, financial\nresponsibility; (iii) post a bond as deemed adequate by the Commission to ensure\nthat financial responsibility; (iv) pay an annual license fee to be determined\nby the Commission; and (v) pay all taxes and fees lawfully imposed by the\nCommonwealth or by any municipality or other political subdivision of the\nCommonwealth. In addition, as a condition of obtaining, retaining and renewing\nany license pursuant to this section, a person shall satisfy such reasonable and\nnondiscriminatory requirements as may be specified by the Commission, including,\nbut not limited to, requirements that such person demonstrate technical\ncapabilities as the Commission may deem appropriate. Any license issued by the\nCommission pursuant to this section may be conditioned upon the licensee, if\nacting as a supplier, furnishing to the Commission prior to the provision of\nelectricity to consumers proof of adequate access to generation and generation\nreserves.\n\nC. In establishing aggregator licensing schemes and requirements applicable to\nthe same, the Commission may differentiate between (i) those aggregators\nrepresenting retail customers only, (ii) those aggregators representing\nsuppliers only, and (iii) those aggregators representing both retail customers\nand suppliers.\n\nD. 1. The Commission shall establish a reasonable period within which any retail\ncustomer may cancel, without penalty or cost, any contract entered into with an\naggregator licensed pursuant to this section.\n\n 2. The Commission may adopt other rules and regulations governing the\n requirements for obtaining, retaining, and renewing a license to aggregate\n electric energy to retail customers, and may, as appropriate, refuse to issue\n a license to, or suspend, revoke, or refuse to renew the license of, any\n person that does not meet those requirements.\n\nHISTORY: 1999, c. 411; 2000, c. 991.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}