Champion Energy Services Approved for Entry Into Pennsylvania's Deregulated Residential Electricity Market
Top-ranked provider launches lowest-priced plans
HOUSTON, April 20 /PRNewswire/ -- Scott Fordham, president and chief executive officer, today announced that Champion Energy Services (www.championenergyservices.com) has received approval to serve deregulated residential electricity markets in Pennsylvania. The company was granted a license to serve commercial, industrial and governmental customers in October 2009 and later sought an amendment to also serve all classes of commercial and residential markets. Champion Energy's first residential offering in Pennsylvania is in the PPL Electric Utility (PPL) market, where residential customers received a nearly 30 percent increase on the default residential service rate that became effective on January 1, 2010 after the elimination of rate caps that had been in place since 1999.
Champion Energy is entering the PPL residential market with guaranteed savings and 100 percent renewable wind energy plans, the details of which are available at www.PAPowerSwitch.com, Pennsylvania's state-sponsored consumer electricity shopping site. Consumers who select the Guaranteed Savings Champ product will receive a guaranteed savings off the PPL default rate through their December 2010 meter reads and can choose from a standard plan or a 100 percent wind energy plan. Customers can also take advantage of both standard and 100 percent renewable electricity plans with a 12-month contract term, which provides price security for one year while also supporting renewable electricity generation.
"Champion Energy's focus on providing value to our customers is reflected in the campaigns we have created and the simplicity we offer in making the switch," said Fordham. "In a matter of minutes, consumers can visit our web site, compare the rates of the incumbent providers on their current bills to Champion Energy's exceptional rates, and then make the switch in four simple steps."
While Pennsylvania's deregulation of electricity allows consumers to select the Electricity Generation Supplier of their choice, the transmission and distribution of electricity remains regulated, and the incumbents — PPL Electric Utilities, PECO, Penn Power, Duquesne, Met Ed/Penelec — continue to distribute electricity, deliver default electricity services and provide customer service. These local utility companies are also responsible for providing line maintenance and repair, restoring service after outages and providing customer metering and billing services.
About Champion Energy Services
Houston-based Champion Energy Services ranks among the top retail electric providers in the United States. Champion Energy currently serves residential, commercial and industrial customers in deregulated electric energy markets in Texas, Illinois, Ohio and Pennsylvania and is slated to enter New Jersey and California markets in 2010. The company serves 450,000 residential customer equivalents, with a peak load near 1,200 Megawatts. Champion Energy is backed by the financial strength of Texas-based Crane Capital. PUCT No. 10098. PA PUC license A-2009-2124113. Ohio PUC certificate 09-166E(1). Illinois (ICC) docket 06-0720.
SOURCE Champion Energy Services
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