Energy Choice
                            

Matters

Direct Energy Business Launches "Fixed Energy Plus" Program, Says New Pricing Enhances Transparency

March 20, 2018

Email This Story
Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

The following story is brought free of charge to readers by EC Infosystems, the exclusive EDI provider of EnergyChoiceMatters.com

Direct Energy Business announced that it has launched a new "Fixed Energy Plus" program which Direct said is, "to bring more bill transparency for business customers in the Midwest and Northeast."

The offering of a new standard product for Direct's C&I business had been first reported by EnergyChoiceMatters.com last month

"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," Direct Energy said

"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," Direct said

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.

ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Director, Retail Energy Supply & Pricing -- Retail Supplier -- Houston
• NEW! -- Sales and Channel Partner Manager -- Retail Supplier
• NEW! -- Sr. Energy Analyst -- Broker -- DFW
• NEW! -- Commercial Energy Advisor
• NEW! -- Energy Broker
• NEW! -- Business Development Manager - Texas, Retail Provider
• NEW! -- Account Manager, Retail Energy -- DFW
• NEW! -- Operations Manager -- Retail Supplier
• NEW! -- Business Development Manager - Northeastern US, Retail Supplier
• NEW! -- Senior or Principal Quantitative Research Analyst, Energy Commodity/Risk