SELECTED PRESS RELEASE:
6/2/2012 7:49:56 PM EST
|Muni Aggregation take hold
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Dear IL, CT, MA, MD, NJ, NY,OH, PA, TX Energy reps:
Dear team residual:
Interesting week. We opened 10 new accounts and added 585,592 KWH.
We had 5 reps writing business. Congrats to JR, DL and JK for open their first accounts. What interesting is Muni Aggregation (MA) took hold and affected our business in a couple of areas.
Large commercial was not affected by MA as it was mostly a residential play.
Small business accounts were included in MA but mostly on the accounts not eligible for Emex’s services. If you have done a reverse auction make this a goal. Emex is closing 9 out of 10 reverse auctions and warrants a close look.
Nordic was affected by MA and even won 3 Muni auctions in the Chicago Area. Small commercial was affected in some areas and we will have to wait see as it unrolls. Residential was affected in certain markets. MA offered a .04- 2 year rate on an opt/out basis.
I’ve always said, Energy deregulation will not work if you can’t save money.
So I will be watching MA closely and working with Nordic to offer MA services in the Ameren service area.
All told MA took away about 25% of the residential market. Since CEC concentrates on commercial I don’t see any thing standing in the way of making our 2012 goal of 50 million KWH under contract. If fact things may get a lot more interesting if non MA companies start looking for a low rate instead of us having to find them.
If you live in one the states above and would like to join Team Residual For free visit www.energycomparisonsiteus.com and sign up as an affiliate at the bottom of the page.
Let me know if I can help
Commercial Energy Consultants
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