Ambit Energy to Launch Service in NYSEG Territory.Deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. Allows for Expanded Market Share and Access to an Additional 1.1 Million Customers NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- One of the fastest growing Energy Service Companies (ESCOs) in the state, Ambit Energy announced it will launch energy service in the New York State Electric & Gas (NYSEG NYSEG New York State Electric & Gas (utility) ) territory in the first quarter of 2010. "We look forward to expanding our presence in New York and are proud to say that we can now offer almost every customer in the state a lower cost option compared to the incumbent provider," said Ambit Energy CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and co-founder Jere W. Thompson, Jr. "The New York markets continue to prove themselves as very receptive to the benefits of competition in the energy industry." Ambit Energy will now offer its competitive rates to a market of more than 871,000 electric and 256,000 gas customers across more than 40 percent of upstate New York Upstate New York is the region of New York State north of the core of the New York metropolitan area. It has a population of 7,121,911 out of New York State's total 18,976,457. Were it an independent state, it would be ranked 13th by population. . To date, only about nine percent or 100,000 customers have taken advantage of the open market by switching to an alternative energy supplier. As they have done in other New York market areas such as Con Edison and National Grid, Ambit's independent consultants will plan to offer the benefits of Ambit Energy's service to as many of the remaining 91 percent as possible. "With this launch, our Independent Consultants are able to serve another huge New York market," said Ambit Energy CMO CMO See: Collateralized mortgage obligation CMO See collateralized mortgage obligation (CMO). and co-founder Chris Chambless. "And with our Guaranteed Savings Plan, they are well-armed to help New York consumers in the NYSEG territory switch and save. It's been our experience that New York consumers are extremely open to saving money." As in other New York markets, Ambit Energy will offer a competitive monthly rate and annual savings guarantee. In addition, each customer will receive an instant savings each month up to two percent as they avoid sales tax sales tax, levy on the sale of goods or services, generally calculated as a percentage of the selling price, and sometimes called a purchase tax. It is usually collected in the form of an extra charge by the retailer, who remits the tax to the government. charges on the delivery portion of their bill. For information on Ambit Energy's rates and services, or its upcoming service launch into the NYSEG Territory, visit AmbitEnergy.com or call (877) 28-AMBIT. |
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