Source: Press Release 7/29/2014

Ambit Energy Introduces Power Payback Program

DALLAS - Ambit Energy, a leading national retail energy provider, is introducing its Power Payback program to reward Texas customers who reduce energy use during periods of extreme electricity demand. The program provides users with bill credit if they reduce their consumption during designated time periods.

"We've already rewarded our customers for making referrals with our Free Energy program," said Ambit Energy Co-Founder and CEO Jere Thompson, Jr. "It seemed like a logical next step to also pay them back when they help reduce the strain on the power grid during periods of extreme electricity demand."

Under the program, customers in Texas who have Smart Meters will receive advance notification of an impending period of extreme electricity demand. They then have the opportunity to cut back on their electricity use during the specified time. If their electricity usage during this time is lower than their average from the same time period over the previous five weekdays, they receive a bill credit of $1.00 for every kilowatt-hour saved.

"Power Payback is the easiest and most generous program of its kind in the Texas market," Thompson says. "In fact, with automatic enrollment, our customers don't even have to sign up. These simple savings come in the form of $1.00 per kilowatt-hour bill credit. And that's certainly a good incentive to adjust the thermostat a couple of degrees during peak demand times."

View Ambit Energy Review

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...


Ambit Energy News Archive

New Companies on Npros

Receive News and
Updates from

 Send me news updates
 Send me New Companies

RSS Npros News Feed