New ArcLight Retail Supplier Launches Service In Texas, Announces Expansion To Other States
March 2, 2023
Email This Story
Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
The following story is brought free of charge to readers by VertexOne, the exclusive EDI provider of EnergyChoiceMatters.com
OnPoint Energy, the new retail energy supplier formed by ArcLight Capital Partners has officially launched service in Texas, and has indicated that it will be expanding to several additional markets
See background on ArcLight's creation of OnPoint Energy here
OnPoint indicates that it will in the future offer electricity in states throughout the Northeast and Mid-Atlantic including Ohio, Pennsylvania, New York, Illinois, and more.
With regards to its Texas offering, OnPoint is positioning itself as a, "straightforward Texas electricity company," with, "no games or gimmicks."
Among other things, OnPoint stresses its "easy-to-understand plans" and "transparency," further highlighting the following:
• "Guaranteed Rate Stability": "Our rates aren’t based on how much energy you use each month. Regardless of usage, your energy charge stays the same."
• "Dismantling The Myth Of 'Free'": Unlike other providers, we keep our plans simple. We don’t promise 'free' usage periods and charge you more during other periods.
• "Seamless Renewal Process": "If you forget to re-enroll, we’ll automatically sign you up for a great fixed-rate plan when your current plan expires."
In the Oncor service area, OnPoint currently lists one plan on its website, a 24-month fixed rate with an average all-in rate, at 1,000 kWh, of 11.2¢ per kWh, which reflects an Energy Charge of 7.3¢/kWh, "and TDU Delivery Charges, including Market Securitization (Debt) Financing charges."
Email This Story
A $99 early termination fee applies.
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Channel Sales Manager -- Retail Supplier
• NEW! -- Business Development Manager
• NEW! -- Operations Manager/Director -- Retail Supplier -- Texas
• Senior Scheduler -- Retail Supplier
• Channel Sales Manager -- Retail Supplier (Houston)
Copyright 2010-23 Energy Choice Matters. If you wish to share this story, please
email or post the website link; unauthorized copying, retransmission, or republication