Ambit Energy
From Wikipedia, the free encyclopedia
 | |
| Industry | Multi-level marketing, energy |
|---|---|
| Genre | Retail electricity and natural gas provider |
| Founded | 2006 |
| Founders | Jere Thompson, Jr., Chris Chambless |
| Headquarters | , |
Area served | TX, IL, IN, OH, MD, PA, NJ, CT, MA, ME, CA, DE, RI, NH, VA, and Washington D.C. |
Key people |
|
| Revenue | US$1 billion (2013)[2] |
Number of employees | 625 (2014)[3] |
| Parent | Vistra Corp |
| Website | ambitenergy |
Ambit Energy is an international multi-level marketing company that provides electricity and natural gas services in energy markets in the U.S. that have been deregulated.[4][5] The company's corporate headquarters are located in Dallas, Texas. Ambit Energy was founded in 2006 in Addison, Texas by Jere Thompson Jr. and Chris Chambless.[6]
Ambit Energy obtains customers through a network of independent consultants who work directly with the customers. Ambit Energy uses a multilevel marketing model and is a member of the Direct Selling Association of America, a public relations and lobby organization that represents the interests of multilevel marketing companies in the United States.[7]
Ambit typically offers customers one or two-year fixed-rate contracts for utilities. After the contracts expire, services may automatically switch to variable-rate plans unless customers manually renew the fixed-rate plans. In some cases, Ambit's variable-rate plans are substantially more expensive. This has prompted complaints and lawsuits from consumers, and an investigation from the New York Public Service Commission.[8][9][10][11] In December 2015, the Department of Public Service in New York announced that it had settled out of court and secured refunds for 1,566 Ambit customers, totaling nearly one million dollars.[12]
Ambit Energy was named 2010's Fastest Growing Privately Held Company by Inc. Magazine.[6] The company placed 390th in 2011, 1,996th in 2013, and 2,074th in 2014.[3]
Products and services
Ambit Energy offers electric, gas, solar services[13] and Green-e plans, offered with a Renewable Energy Certificate.[14] The products and services are offered through their independent consultants.[15]
Solar
Solar[13] is offered through Sunrun in several Ambit markets: Illinois, California, Connecticut, Massachusetts, Maryland, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Washington DC. The service is sold through Ambit's independent consultants. Their customers are then matched with a representative from Sunrun who completes the enrollment process.[citation needed]