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
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SOURCE Direct Energy