You can now choose to buy your electricity from a different electric provider than the original provider for your area. These companies are called Retail Electric Providers. Ambit Energy, Inc. is a Retail Electric Provider. Your bill will look different than bills you have received in the past, but each Retail Electric Provider provides the same standard information.
Deregulation allows REPs, like Ambit Energy, to buy electricity wholesale from competitive providers and pass the savings along to customers.
Your current electric utility or “Local Wires Company” will continue to deliver your electricity. As such, your power will come from a regional power pool – a mixture of energy from traditional power plants and other sources like wind, water, sun and natural gas. Your Local Wires Company still responds to service interruptions and continues to maintain the poles and wires. You will continue to receive the same reliable service you are used to with your Local Wires Company, regardless of which Retail Electric Provider you receive service from.
No. No matter which Retail Electric Provider you choose, your electricity will continue to be delivered safely and reliably by the Local Wires Company, a company still regulated by the Public Utilities Commission.
Because your Local Wires Company is still responsible for the maintenance and repair of the poles and wires, you will call these regulated firms in the event of an emergency or outage at the number provided on your bill.
You will not be without power. You should receive a notice from your REP giving you time to select a new provider. However, if that does not happen, your service will be provided by the Provider of Last Resort (POLR) designated by the Energy Reliability Council of Texas (ERCOT) until you select a new provider.
Ambit Energy offers its energy saving services in
The Ambit Free Energy program is open to any and all Ambit Energy Customers (including Ambit Energy Independent Consultants who are also Ambit Customers) who refer and activate 15 or more qualified Customers for Ambit Energy service. To get your Free Energy credit, your Customers must be referred through your free Customer gathering website: www.(your account number).joinambit.com. If you are an Independent Consultant who is also a customer, you must refer customers through your customer-gathering website: www.your web handle).joinambit.com. There’s no time limit to gather your Customers, but the sooner you do, the sooner you’ll be earning Free Energy!
For a referral Customer to qualify towards your Free Energy credit, they must have at least one energized metered service location and have completed at least one billing cycle. For Texas, there are a few additional qualifications – they must be classified as a residential Customer, not have a past due balance and not be involved in a payment arrangement or deferred payment plan. In PSEG and NICOR markets, they cannot have a past due balance.
Your Free Energy credit is based on the average daily energy cost of your referral Customers, calculated from invoices received over the last 70 days. The average daily energy cost is then multiplied by the number of days in your current billing cycle. This amount is your Free Energy credit. If you have at least 15 qualified Customers when we calculate your bill, we’ll apply that amount as a credit or send you a check (depending on your area). As long as you maintain a minimum of 15 qualified Customers, we’ll keep giving you a Free Energy credit.
Energy cost is a simple calculation – the energy you use, multiplied by your rate. So when we calculate an average daily energy cost for all your referral Customers, we take the sum of all their energy costs and divide by the number of days in their collective billing cycles. Of course, these are Ambit Energy supply costs only – not any additional taxes or fees. For Texas Customers, the monthly Customer charge, if applicable, is included in the average daily energy cost and will also be included in the calculations for your Free Energy credit. Here’s another situation unique to Texas: Ambit Home Services fees do not count towards your energy cost, nor are they covered by your Free Energy credit.
Electricity and natural gas are considered separate services. To get a gas credit, you need to maintain a minimum of 15 qualified gas Customers. To get an electricity credit, you need to maintain a minimum of 15 qualified electricity Customers.
If your qualified referral Customer count dips below 15 Customers for any month, you will not be eligible for a Free Energy credit for that month. Once you get your qualified Customer count back up, though – and there’s no time limit to replace Customers – you’ll be eligible for future credits.
Whether you have 15 referral Customers or 50, we average the daily energy cost of all your Customers, and use that number to calculate your monthly Free Energy credit. Having more than 15 referral Customers, however, great idea; if people drop their service or move to a non-Ambit area, you’re more likely to get your Free Energy credit every month.
It’s Ambit’s policy not to move Customers once they are assigned – whether to another Customer or a Consultant. However, if Customers become Consultants, they’re still eligible to participate in the Free Energy Program.
Yes, our system works between states.
As long as they’re one of your 15-plus Customers, their average daily energy cost still counts towards your credit. But since their cost will go down (their regular cost minus their Free Energy credit), your Free Energy credit may also go down (but only slightly).
No. Since your account is the one earning Free Energy, its own usage will not count towards your Free Energy credit.
Presently, Ambit offers commercial electricity to commercial accounts in Texas and New York. We expect deregulated commercial markets to open in other states.
Whether or not you've ever done sales before will not affect your ambit energy business simply because we offer a service and not product. Everybody has to have natural gas or electricity. We're simply educating folks on the benefits of how they can save money or even get it for free and if you have a desire to share that with others it's going to make sense to plenty of people.
Consultants that want to partner with us in business can do business in just about every state. Now, customers have to be acquired in any of the markets that we do business currently for electricity or natural gas. Regardless of what state you're from you can do business with Ambit energy and simply play the "who do you know" game. Over time you only need to learn how to gather twenty electric or natural gas customers. Just by a few phone calls and asking people who do they know everybody can achieve that goal.
Yes. Utility deregulation is done by the states, not the federal government, so that means expansion must be done on a state-by-state basis. As Ambit expands into other states you can expect the more densely populated states to be at the head of the line, which will open more growth opportunities sooner for Ambit consultants.
No, when consultants sign up for the business, that money actually gets triggered out to the field after customers are acquired. The way Ambit Energy grows its revenues is from people paying electric and natural gas bills.
Many individuals want to know if Ambit Energy has plans to ever go public. You know, the reason companies tend to go public is to raise capital and to raise funds. With our investors team and our strength and the run rate we're already a debt-free and profitable company. And our co-founders recognize the strength of our independent consultant sales team because we gather loyal customers they're going to be here into the future and they see does a better return on investment than doing traditional advertising.
Yes, Ambit is a member of the Better Business Bureau
One question often asked "Is Ambit Energy a pyramid?". I think folks are referring to that as being something that's illegal and its absolutely not the case. You know, we're a publicly licensed utility company in all the states that we currently do business in, and we only pay the field commissions once customers are gathered. Just for signing up consultants no money changes hands. In addition to being licensed in all those states we did get recognized as the fastest growing private company in Inc Magazine in their annual rankings of the Inc. five hundred. We are also a member of the Better Business Bureau. I don't think they would allow that to be a pyramid scheme.
As an Ambit Energy consultant, can you get health insurance through our company? We do have a partnership that allows you to get discounted rates. However if you live in the state of New York there's a ruling that does not allow you to participate in that program. If you live in a any other of the forty-nine states, feel free to get some information.
Ambit consultant pay is directly related to success in enrolling new energy customers and helping consultants you enroll do the same. There are three basic forms of income: Immediate, Leadership and Residual.
Yes, you are free to sell, transfer or will your Ambit Energy business.
Either. Many Ambit consultants elect to form corporations or limited liability companies (LLCs) for business and legal reasons. To partner with the company it has to be through either a social security number or a tax ID number.
The answer to that is no. The only way a husband and wife can both be marketing consultants is if they have the same sponsor. Now in our business it's important to get promoted quickly because that's what's going make you more money. By a husband and wife partnering together underneath one consultant ID number that allows them to promote quicker and get paid faster.
The absolute best way to determine if Ambit Energy is offered in a particular service area is take the full address and enroll it through your customer web site. But keep in mind you don't have to submit the whole account, but that will determine if the system recognizes that address or if it does not. Now don't just enroll the zip code because if there's one customer account they can be enrolled within that zip code, it's gonna tell you that the whole service area is open. The best sure way is to just enroll the full address.
Ambit has a long term wholesale purchase agreement with the largest energy generator in the world, the Royal Dutch Shell Corporation, which enables them to pass the savings along to their customers. In each of the markets Ambit offers service they remain lower than the incumbent provider (on average). It is typical that if an incumbent lowers their rates that it seems like a leap frog game where then Ambit lowers their rates even lower. The long term agreement with Ambit’s supplier enables them to continue to lower the rates to remain among the most competitive in the industry. And, Nobody offers a FREE energy program like Ambit energy.
As long as your business maintains twenty active customers you'll actually continue to get paid your weekly and monthly commissions for the life of your business. Now if your business is under twenty customer points you do need to enroll at least one customer or consultant every four months to remain active.
No. City-owned utilities and member-owned electric and/or natural gas cooperatives have the option of giving their customers a choice of providers, or keeping things the way they are today.
If you own your home, use a significant amount of electricity, have good credit and your roof is in good condition with high sun exposure, you should consider solar.
With Ambit and SunRun, going solar costs little to $0 down. With SunRun’s solar lease model, you pay for the electricity, not the panels, in lower installation costs. You will pay two different monthly bills, one to SunRun for the solar lease and another to your electricity with the sum of both being lower. Your monthly SunRun payment depend on a number of factors, including, the size of the system , local installation costs, your electricity usage, rate increases, roof’s exposure to the sun, possible rebates and other factors.
Your savings will vary by your usage, your electric rates and the solar system you select. On average, Customers save 20 percent on their electricity bills. If power rates continue to rise, many solar Customers save significantly more over the life of their solar agreement. see SunRun.com/save20 for more information.
According to ICF International, a leading consulting firm on energy technology, for every $1 per year you reduce your electric bill, home’s value increases by $20. Reducing your home’s energy costs $1000 could increase its value by $20,000. The U.S. Department of Efficiency and Renewable Energy states that a solar house will sell twice as quickly as a home without solar panels.*
No worries, SunRun makes the process simple and hassle-free. The system lease agreement are fully transferrable. SunRun has a dedicated Service Team with a 98.5 percent success rate of transitioning agreements from home sellers to buyers.
SunRun guarantees the performance of your leased panels. If they don’t as expected and as set forth in your customer agreement, SunRun send you a check for the difference. SunRun also insures the system you don’t have to worry about paying to maintain, repair, fix or replace anything over the life of the lease.
SunRun creates a customized system, specific to your home, electricity and lifestyle so no system is exactly alike. In most cases, a custom of panels is installed on the southernmost side of your roof for maximum sun exposure.
No. Because SunRun owns the panels, they take advantage of any incentives and pass the savings on to you. You enjoy the savings without the hassles of filling out a lot of paperwork.
It depends on the size of your solar system and your usage. Most customers install a system which offsets some but not all of their electricity usage. For most customers, it’s possible but unlikely that you will generate more power than you consume in a given billing cycle. However, in the event you were to more power than you use, your system will transfer that electricity back to the grid – earning you credits.
SunRun offers three options at the end of your agreement. You may renew the agreement, purchase the equipment or have it removed at no cost.
We are not able to count solar accounts toward your Free Energy qualification 15 customers. A solar customer’s commodity accounts and usage will continue to included for Free Energy calculations.
If you have an HOA, it’s likely that SunRun will need their approval to install solar panels. SunRun will handle the HOA approvals on behalf of the homeowner but require customer assistance in providing documentation and signatures. However, does not currently cover any HOA fees associated with the H.O.A. application if applicable.
The process is quick and simple.