Direct Energy Business Introduces New Fixed Energy Plus Program

News provided by

Mar 19, 2018, 03:00 ET

ISELIN, N.J., March 19, 2018 /PRNewswire/ -- Direct Energy Business has launched a new Fixed Energy Plus ™ program to bring more bill transparency for business customers in the Midwest and Northeast. The Fixed Energy Plus solution offers a single-price electricity supply rate for the term of the contract and an at-cost settlement of demand-based regulated charges. This structure reduces a customer's exposure to the risk of price volatility in the energy market, while creating opportunity to maximize demand efficiencies.

"Our customers will be the first in the industry to see an itemized view of their bill with our new Fixed Energy Plus solution," said John Schultz president, Centrica North America and Direct Energy Business. "The billing of this new product clearly shows regulated monthly demand charges absent any supplier markup, and offers our customers a clear path to managing a sizable portion of their annual energy bill. This will bring stability and transparency to our billing process, so customers can better understand and take control of their energy usage."

The new billing program uses a two-part pricing structure that separates the fixed energy component from a pass-through of demand-based regulated charges. Pass-through demand-based charges are made up of capacity and transmission charges. Each of these charges is now displayed on the customer's bill in a transparent, itemized manner and linked to the customer's peak load obligation. This billing method provides our customers with a simple way to confirm the exact amount of their bill related to the specific charges that are based on peak consumption versus their total electricity consumption.

In addition, Direct Energy will automatically enroll customers on this program to receive peak load notification emails, which alert them to opportunities to manage their peak load obligation. Using this information, customers who can reduce their consumption on a few days of the year can dramatically lower their annual energy bill.

This program is available in the PJM territory that covers Illinois, Ohio, Pennsylvania, Delaware, New Jersey, Washington, D.C. and Maryland. In the ISO- New England, the program is available in Connecticut, Rhode Island, Massachusetts, New Hampshire and Maine.

About Direct Energy

Direct Energy is one of North America's largest retail providers of electricity, natural gas, and home and business energy-related services with nearly four million customers. Direct Energy gives customers choice, simplicity, and innovation where energy, data, and technology meet. A subsidiary of Centrica plc (LSE: CNA), an international energy and services company, Direct Energy, its subsidiaries and/or affiliates, operate in 50 U.S. states plus the District of Columbia and 4 provinces in Canada. To learn more about Direct Energy, please visit www.directenergy.com

SOURCE Direct Energy