Ambit Energy Surpasses 1 Million Customers

Ambit Energy announced this morning that it officially passed 1 million residential customers in December.

Ambit said that it added more than 315,000 net customers in 2012 alone.

Ambit said that 94% of its customers are residential. For purposes of counting total customers, the company converts small business customers to a residential customer equivalent (RCE) based upon their actual usage compared to an average Ambit residential customer from the same geographic area.

In 2012, Ambit introduced service to more than 13 million new potential customers by expanding into Massachusetts (natural gas), Connecticut and northern California. The company also continued to add new service areas in New York, Pennsylvania, Maryland and Illinois.

"Being trusted by more than one million customers is a tremendous milestone of accomplishment for the Ambit team," said Jere Thompson, Jr., Ambit Energy Co-Founder and Chief Executive Officer. "There are hundreds of retail energy providers in America, and only a few have more than one million customers. We are very proud of our dedicated employees and enthusiastic independent Consultants who have worked hard to help us accomplish this goal."

"We are excited about our future growth potential," said Chris Chambless, Ambit Energy Co-Founder and Chief Marketing Officer. "With more than 200,000 independent Consultants nationwide, and an aggressive expansion plan in place, we believe Ambit Energy is positioned to penetrate a still largely untapped market by educating people, many of whom are still unaware, about their options to lower their monthly energy expenses."