Ambit Launches New Energy Plan
The product is currently available where smart meters are installed in the service areas of Texas' two electricity delivery companies, Oncor and CenterPoint. The two companies have already installed more than a million smart meters with an additional million expected by the end of the year.
With the Ambit Smart Plan, each customer's usage is monitored every 15 minutes. Customers, in-turn, can pre-pay for electricity and manage their accounts online and in real time, Ambit Energy said.
Jere Thompson Jr, CEO of Ambit Energy, said: "This real-time technology has dramatically lowered the (credit) risk built into traditional pre-paid rates.
"As a result, we're able to offer a pre-paid, no-deposit product to our smart meter customers, at a savings that allows them to continue to buy groceries after they pay their energy bills. Most importantly, we've made it as transparent as possible, with no hidden fees or monthly charges."
Related News
-
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 will offer electric service in Ohio. Ambit will service the AEP Ohio area, which includes an estimated 1.5 million potential customers. Enro... Read More...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 to California survey firm J.D. Power.The survey looked at electricity suppliers across the United States and ranked them based on th... Read More...
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' rates after convincing them to switch providers with promises of savings on their energy bills. The court ruled that Ambit's practices wer... Read More...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 of the complaints stemmed from higher-than-expected bills as some Ambit customers may have been moved off a guaranteed savings plan that was... Read More...
