Hanwha Affiliate Launches Residential Electric Service In Texas

Touts Access To Solar At Wholesale Prices

June 11, 2019

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Copyright 2010-19 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

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Chariot Energy, a trade name of 174 Power Global Retail Texas, LLC, has begun offering residential electricity service in Texas

As exclusively first reported by EnergyChoiceMatters.com, 174 Power Global Retail Texas, LLC, a start-up REP, is affiliated with 174 Power Global Corporation, which is the U.S.-based solar project development company arm of the Hanwha Group, a Fortune Global 500 firm and the 7th largest conglomerate in South Korea.

As listed on Power to Choose, Chariot Energy is offering in the Oncor service area a 100% renewable, 12-month fixed plan with a rate, at 1,000 kWh usage, of 8.4¢ per kWh. This reflects an energy charge of 4.96¢ per kWh and Oncor delivery charges of $3.42 per billing cycle and 3.135¢ per kWh. A $49 early termination fee applies.

Fixed products of varying term lengths, from 12 to 36 months are also available (all 100% renewable).

On its own website, Chariot Energy promotes 100% solar plans with fixed terms 6 to 36 months. In the Oncor service area, Chariot Energy's Blaze 12 100% solar plan is a 12-month fixed plan with an all-in average rate, at 1,000 kWh usage, of 10.7¢ per kWh. This reflects an energy charge of 7.23¢ per kWh and Oncor delivery charges of $3.42 per billing cycle and 3.135¢ per kWh. An early termination fee applies, equal to $15 multiplied by the number of months remaining on the term of the contract

Chariot Energy is also offering residential service at CenterPoint Energy Houston Electric, AEP Texas Central, AEP Texas North, and Texas-New Mexico Power.

Service for business customers is also available

Chariot Energy on its website states, "We are bringing solar to the mainstream as the first Texas retail energy provider to include solar in 100% of our product offers."

Chariot Energy on its website states, "We’re delivering 100% solar power that’s as affordable as brown power, so everyone can get electricity from the sun without getting panels. We’re transforming our state’s energy supply by building Texas-sized solar farms. And we offer easy-to-understand plans and transparent pricing, because your electricity company should never leave you in the dark. We’re on a mission to bring solar to all, forever changing the way people get power."

Chariot Energy on its website states, "We’re part of a global leader in solar technology. So in addition to delivering solar, we also manufacture the panels and produce the actual power that’s supplied to the grid. No middleman means we can offer clean solar power at prices competitive to traditional sources of power."

Chariot Energy on its website states, "Not only is Chariot Energy your energy provider, we’re also the wholesaler. This means we generate solar power and send it to the grid. As a Chariot Energy customer – you reap those benefits through competitively priced rates and plans, and the peace of mind knowing the energy you’re consuming is made by the endless supply of the sun. We debunk the myth around solar being too expensive. While it’s easier for suppliers to offer solar generated electricity, they will often do so for a premium. Because we’re the wholesaler, we’re able to offer solar electricity without the premium."

Chariot Energy on its website states, "We see a tremendous opportunity to generate clean power from our Texas-based solar power generation facilities. Unlike most retail electricity providers in Texas, we can build synergies between our retail company and other business units, including solar generation assets, that will give us economies of scale, control of the value chain and, ultimately, energy products and renewable solar energy at rates competitive with existing retail market prices. Today’s energy consumer wants to power their homes and businesses with clean energy and so do we."

Chariot Energy told EnergyChoiceMatters.com that it will, "bring a suite of disruptive, clean energy solutions to the Texas retail market."

Chariot Energy on its website states, "For those who are seeking solar panels on their home, we will offer rooftop and onsite solar generation and residential storage solutions (batteries) to our customers, allowing them to generate their own power, bank the excess power from the day when their solar panels are generating more power than their home is consuming, and use it when the sun isn’t shining."

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