Ambit Energy
Overview, company details, product information, news, events, rankings and Consultant listings for Ambit Energy.
Ambit Energy Current Status and History
Ambit Energy continues to operate as a multi-level marketing (MLM) company. Despite being acquired by the energy holding company Vistra (parent company of TXU Energy) in 2019, Ambit maintains its direct-sales channel of Independent Consultants.
Ambit Energy is an alternative electricity and natural gas service provider marketed through independent consultants that was founded in early 2006. The company sells commercial and residential electricity and natural gas to consumers in Illinois, New Jersey, New York, and Pennsylvania, and electricity in Maryland and Texas. Ambit's mission is to accumulate a lasting and loyal customer base that can earn energy and travel rewards. Ambit Energy was named the fastest-growing privately held company in north Texas by SMU's Caruth Institute for Entrepreneurship, and was also named "America's Fastest-Growing Private Company," by Inc. magazine in September 2010.
When you join as an Independent Consultant, you earn immediate payouts by enrolling a specific number of customers within a set timeframe.Team Builder Bonuses: If you sponsor a new Marketing Consultant who enrolls 4 to 5 customers within their first 4 weeks, you earn an immediate $100 bonus.Leadership Bonuses: As you climb the ranks by recruiting more people and securing customers, you earn additional weekly bonuses whenever a new consultant enters your downline organization at any level and gets their first 5 customers.The Payout Scale: These bonuses stack as you promote through the ranks:Regional Consultant (RC): +$55 bonus (paid through unlimited downline levels).Senior Consultant (SC): +$80 bonus (Totaling $135).Executive Consultant (EC): +$80 bonus (Totaling $215).National Consultant (NC): +$25 bonus (Totaling $240).
Monthly Customer Residual: IncomeThis is considered the core long-term component of the MLM model. You receive a small commission every single month when the customers in your downline pay their utility bills. Usage-Based Payouts: Ambit structures its residuals so that you are paid more for customers who use more electricity. Larger monthly energy bills yield higher residual payouts for the consultant network.Funding the Pool: Only the actual "energy charge" portion of a customer's bill funds this commission pool. Base monthly fees and local utility delivery charges are excluded.
Currently, Ambit Energy offers energy service to its 500,000 customers and provides income opportunities to over 100,000 Independent Consultants marketing and selling the alternative energy product. Ambit provides a comprehensive back-office system, training and support to its Consultants. Consultants are not responsible for handling billing or collections. Those interested in becoming an Ambit Independent Consultant can fill out a form on the company website requesting to be contacted.P> Ambit Energy utilizes a "coded" compensation plan that pays residuals based on customer energy usage through 6 generations. In addition Ambit offers Leadership bonuses as customers are gathered by new consultants. The compensation plan pays out based on the sales of services, not on recruiting.
Executive Team
Jere W. Thompson, Jr., CEO
Chris Chambless, Chief Marketing Officer
Jim Timmer, CFO
Executive Bios
Ambit Energy News
Ambit Energy Expands Services to Canada
DALLAS--November 1, 2017--Ambit Energy, the world's largest direct seller of energy and a leading U.S. retail energy provider, today announced the Company's...
Ambit Energy Expanding Service to Ohio
September 09, 2015 DALLAS--Ambit Energy, the world's largest direct seller of energy and a leading national retail energy provider, announced today the company...
Ambit Energy Named Best CT Electric Supplier
August 18, 2015 -- Texas-based Ambit Energy received the highest customer satisfaction marks among all Connecticut residential electricity suppliers, according...
Lawsuit Against Ambit Energy Dismissed
July 29, 2015 -- A New Jersey Federal judge dismissed a proposed class action suit against Ambit Energy. The plaintiff claimed that Ambit had raised customers'...
Ambit Energy Under Investigation in New York State
New York's state utility regulation agency, the Public Service Commission, is investigating Ambit Energy after a spike in complaints against the company. Most...
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