Energy Plus
Energy Plus Company is a company that sells and buys energy (both electricity and natural gas) in the open market (NJ: ESL-0087 and GSL-0100). The company was founded by Richard Vague and Kevin Kleinschmidt in 2007 and recently relocated Philadelphia, Pennsylvania. The company employs AbOUT 140 people (as of 2011) and established approximately $150M in sales in 2010 (up $60M from 2009). Sales for 2011 are anticipated in the $250M range.
Certain states allow companies like Energy Plus Company to offer their services in order to stimulate competition in the energy market, e.g. giving consumers the option to choose from whom they would like to purchase their energy services. To date the effectiveness of this law has not been established. Energy Plus Company offers electricity and natural gas at "market-driven" rates according to their company website. It is unclear if this means lower pricing than offered by the main energy distribution companies. Energy Plus Company differentiates itself by offering different reward programs (air miles/points, cash back, education rewards, hotel/rail rewards, retail rewards).
See also
- Energy law
- Energy policy
- Energy economics
- Energy markets and energy derivatives
- Energy supply
- Market transformation