Reliant Energy’s Parent Company NRG Energy Gobbles up another Provider, Energy Plus

I found out today that Reliant Energy’s parent company NRG Energy now owns Energy Plus. A year or two ago Reliant’s parent company NRG Energy bought Green Mountain Energy and now with Energy Plus NRG Energy has gobbled up a couple of the top marketers in the retail electric provider space.

I believe Green Mountain Energy has done the best job of differentiating themselves from their competition which makes their purchase by Reliant Energy’s parent company NRG Energy a smart one. Energy Plus marketed their service through places like the government student loan rewards program Upromise and through Best Buy in several deregulated states including Texas.

I remember reading that Energy Plus was one of the fastest growing retail electric providers in the country and it likely has to do with how aggressively they worked out partner joint ventures with companies like Best Buy. I personally have received at least 3 different mail outs coming from Best Buy to switch to Energy Plus.

Here you have an old school company like NRG Energy buying up good talent in two separate buy out deals in which both companies have shown exceptional skill at leveraging the power of joint venture partnerships and brand differentiation.

When it comes to price Energy Plus has continuously been scolded online by their past customers for advertising that they are “competitive” and yet the customers standard complaint is that they pay more with Energy Plus than they did with the company they were with previously.

Through further research we have found that the reason for these complaints has simply to do with the type of plan many people switch to when choosing this company. The popular plan they advertise is a variable rate plan and so there is no guarantee how long the price will remain competitive and so it is easy to see why people turn on this new provider when their electric bill goes way up.

We are interested to see if NRG Energy (the parent company of Reliant Energy) changes the marketing tactic currently being used by Energy Plus or leaves things basically the same.

Energy Plus Holdings LLC became owned by NRG Energy on September 30 2011 and it is reported that they will not have any technical or managerial qualification changes but will have the ERCOT financial requirements handled by NRG Energy.

Bridgeport Texas Electricity Rates and Companies

In order to to compare electricity rates in Bridgeport Texas you first need to compare a list of retail electric providers that offer reputable contracts. Some Bridgeport Texas electricity companies will offer what appears to be a good cheap rate but fees and charges are hidden in the contract details and terms of services.

The question to consider is why do these disreputable electric providers in Bridgeport Texas hide these fees from their advertised rate? They could just as easily bundle in these charges and fees in their advertised rate but they don’t in order to sucker in more customers.

We work much differently than providers like these. Our goal is to educate Bridgeport electricity customers in order to assist in achieving for them the cheapest residential electric rate available.

The electric ompanies in our Bridgeport TX electricity comparicon chart offer rates that have all fees and charges bundled into the rate. Taxes are not included in the rate although this is industry standard and makes up a small portion of the overall rate.

When comparing electric rates it is also important to avoid choosing a variable electric rate unless it meets your needs. Variable electricity rates are subject to change from day to day.

There is no price stability with a variable price because it can go up one month and down the next. The times when it makes sense to choose a variable changing price for your electricity service is when you will be living somewhere short term.

A variable rate offers a no commitent contract allowing you to leave at anytime without paying an early termination penalty.

A fixed rate locks you in for a certain period of time but the positive offered is price predictability. Your electric rate in Bridgeport will remain the same for the entire term of the electricity agreement.

I recommend comparing the 6 month or 12 month fixed electric rates in our comparison chart. This way you will not have to worry about going shopping for a cheaper electricity price everytime your rate goes up in price.

You can sit back for 12 months and then revisit the shop and compare process. To begin ordering your electricity service in Bridgeport Texas online just type in your zip code in our comparison box and click on “compare rates”.

The electricity providers available in the chart from Bridgepor will appear and you can choose an electric provider that offers the rate, plan, and terms of service that best fit your needs.

If you would prefer to call and speak with a Bridgeport Texas energy consultant please call us at 1-800-971-4020

Texas Electric: What Is a Provider of Last Resort & Why You Want to Avoid Them

Anything with the phrase “last resort” in it is probably something you want to avoid — unless you’re talking about scoping out Caribbean vacation spots (as in, that last resort we toured was gorgeous). When it comes to energy, you don’t want to be in the “last resort” club.

As it relates to Texas electricity, following is what a Provider of Last Resort (POLR) is, and why you want to avoid being a part of their roster.

What is a Provider of Last Resort?

Actually, from a consumer standpoint, a POLR is a good thing. They are Texas energy companies that act as a back-up in case an existing service provider goes out of business.

Texas electricity consumers have a deregulated energy market, which has produced the need for POLRs. Why? Because with deregulation came a lot of competition. And, some of these new companies had neither the market savvy nor the secure financial backing it takes to be in business for the long haul.

Many of them came on the scene offering Texas electricity consumers low rates, but they couldn’t deliver when certain market forces shifted. So, they went out of business – leaving thousands of customers potentially stranded.

Enter POLRs. The Public Utility Commission of Texas (PUC) designated certified retail electric providers (REPs) to act as POLRs for each customer class in each electric utility service area open to competition.

While this is a comfort, it can be a nightmare in that there is no guarantee that the rate you paid with your old Texas electricity company is the one you’ll get with your new one. And, if you’re already paying the high cost of a prepaid electric service plan, your costs could escalate even more.

Why It Pays to Choose a Traditional Texas Electricity Company

This is why it pays to sign on with a traditional Texas energy supplier – even if it means saving up to pay a deposit. Although, many have low-deposit and no-deposit electric service plans you may qualify for. All it takes is a phone call to find out.

To Compare Texas Electricity Rates please click here

Champion Energy

Champion Energy is a large wholesale energy provider and operates primarily in the commercial sales arena. There are several smaller Retail Electric Providers who buy their energy from Champion and resell it under an alternate name. Champion Energy consistently provides competitive pricing to commercial businesses in Texas although with any electric company certain risk management policy changes can make their prices more or less competitive throughout the year.

For large commercial accounts there is usually the option to have a blend of multiple energy products to bring down the overall cost of the energy you will be paying for throughout the year. Champion Energy can assist in procuring your energy using both MCPE index pricing along with a fixed price product at the right percentage to benefit you the most based on market conditions. Eisenbach Consulting can assist in managing the risk and converting over part of a blended product when opportunities arise in the market to lock in more of the rate to a fixed energy product.

You can learn more about Texas Electric Companies and Choices by speaking to an energy consultant at Eisenbach Consulting.

 

Ambit Energy a Scam or a Great Opportunity?

Texas Electric Company Deregulation

Electricity deregulation in Texas has provided some great opportunity to investors and small business owners in the state looking for a new way to make some money. Ambit is one of over 40 Texas Retail Electric Providers in the state selling retail commercial and residential electricity.

 

Ambit Energy Electric Company

The problem is not so much of an issue for those needing to have their electricity turned on or even by the company Ambit Energy but by those who think they have a good chance of becoming a millionaire or at least rich after the process of signing up to become an independent representative for Ambit Energy, Ignite, Affordable, or any of the other direct sales and MLM companies out there selling electric service in Texas.

The danger in this way of thinking is that if it is supported by some of the company’s spokesman it allows the beginning people in the MLM company to become wealthier while the new people signing up make more for their sponsor’s then they will for themselves. A better approach is to see this as a part time thing you might be able to make some extra cash with. An income report from the company showing just how many people make over six figures with an MLM company is a great way to decide if you have a statistical chance of making an opp like this work even if giving it 40 hours a week.

Not all Ambit Energy sales reps profit through their compensation plan in a dishonest way by promising new recruits hundreds of thousands and millions of dollars. If you do want to sign up with Ambit Energy we  encourage you to sign up with Ambit through a sales consultant of theirs that approaches the business in an honest and ethical manner. Our opinion is that you should sign up on their affiliate program which offers you the opportunity to sign up electric service customers directly without the need to build a downline. We believe you will save yourself much time and money by going directly for the customers rather than trying to make the MLM downline work in your favor. We have met and talked to a few Ambit Energy people that are honest and ethical about this opportunity and do not make outrageous claims. We believe these are the people you should associate yourself with if you decide to do this opportunity.
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What you will not find in the Ambit training material are some of the tricks of the trade that some of the seasoned MLM’ers use to make the MLM opp work. Many successful MLM’ers stack sales representatives and put customer’s under them if necessary to make the whole MLM sales structure pay out correctly so that you do make money. This idea is not discussed by Ambit Energy’s corporate offices as it is borderline illegal to structure the business to primarily build up independent sales reps with no emphasis on customers. The truth is although some of the top guys stack reps under other reps to build up their sales commissions they rely on these sells reps to sign up their friends and family. All of this primarily helps these super MLM sales people. If a new Ambit Energy sales rep wants to make the kind of money these guys make they would need to pull off some of the same type of stunts. Traveling the state, stacking reps and being that charismatic spokesman for the company is usually what it takes. The problem is that these techniques are not always explained  in the sells pitch and most people walk away thinking that the business will be easier than it really is. The truth is that the time it will take to make a truly successful business with Ambit through an MLM downline could be better spent starting a more traditional business or signing up on Ambit Energy’s affiliate plan and just sign up customers. The typical example pyramid chart showing what could be possible in a perfect world scenario is not an accurate representation of what someone in an MLM opp can expect. An income disclosure statement showing exactly how many people make over six figures would be a helpful guideline in deciding if this is right for you.

Many See the Ambit Energy Pyramid Scheme as Old Hat Hyporama

The Office scene about a calling card pyramid business shows that the amazingness of the MLM compounding effect has lost some of its luster as many have tried and been burned by pyramid schemes. The law on what denotes a pyramid scheme and what does not is open for interpretation but as a rule to make it legal a genuine product is required. The Ambit Energy Company opportunity is a great way to make money if you are realistic about how much you can make with something like this and it helps if you go ahead and decide if the affiliate or MLM based business model is best for you. In our opinion Ambit’s affiliate option is the best way to go.

Reality is Many MLM Companies Like Ambit Don’t Make It

Many of these types of MLM companies go out of business or bankrupt due to a concentration on recruiting reps while the customers dry up. Excel Telecommunications was one of the more successful MLM companies of the last 20 years in a deregulated industry and is a perfect example of an MLM company growing into a thriving success only to eventually implode on itself later. By having a concentration focused on recruiting new reps the whole MLM may topple down. Because there is a high percentage of this risk you could very easily be wasting 5, 10, 15 years building a business that will have nothing to show for you when it finally goes out. This is a warning when working with any MLM company including  Ambit, Affordable or Ignite Energy, Amway, Quickstar, Mary Kay and so on. You can make money with these companies but is it really worth the investment in time and personal relationships that could become ruined in the process by promising riches? If you choose to sign up with one of these MLM companies we encourage you to concentrate your efforts in signing up electric service customers and consider the downline part of the business an added bonus. By concentrating most of your efforts on building a downline you will find that most people in the business do not make enough money to justify the time spent in building their MLM structured sales team.

The downline you create may pay out decent money to some of the top people in your up-line but you or those you recruit will not see most of this money in most MLM type businesses. Instead of making money through sales associate recruiting we recommend just signing up people to the product or service in this case it being Texas electricity service.

Some other MLM or Direct Sales companies in Texas are, Zurvita Energy, Ignite EnergyAffordable Energy, and New Age Power Brokers.

Some other traditional Texas electric companies: Bounce Energy, Spark Energy, Champion Energy, Startex Energy and many more.

Electricity Bid helps you find an electric rate and provider to save you money and keep life simple.

Get in touch with us!