Ambit Energy
Encyclopedia
Ambit Energy
is an American
retail electricity provider that serves residential and commercial customers in markets where energy has been deregulated by the state. Those states include: Texas
, New York
, Maryland
, Illinois
and Pennsylvania
. Corporate headquarters are located in Dallas, Texas, and operations/call center headquarters are located in Plano, Texas.
, retail pricing for energy in states is based on market forces instead of government mandates. When signing up for an electricity or gas with Ambit Energy, consumers have different rate plans in Texas, Pennsylvania, New York, Maryland and Illinois.
There are currently 23 states in various stages of deregulation. Of those states, half are at or below the national average for utility rates (based on the US Energy Information Administration’s most recent 2008 statistics). There is ample room for opportunity for retail energy providers such as Ambit Energy to offer customers of incumbent providers an option to save on their monthly utility bills.
and follows its Code of Ethics.
Chris Chambless: Chris Chambless is Co-Founder and Chief Marketing Officer of Ambit Energy. As an early member of the management team at Excel Communications, he was responsible for all aspects of the company's marketing and communications organization. Most recently, as the Vice President of Marketing at VarTec Telecom, he was responsible for all aspects of the company's marketing strategy, including brand development, channel integration strategy, sales management and new product development.
John Burke: John Burke is Co-Founder and Chief Information Officer of Ambit Energy. He has over 15 years of experience working in the electric utilities, telecommunications, financial services, and venture capital and software development industries. John has held several leadership roles, including the COO of a billing application service provider, CIO of a Verizon call center, and VP of Development for a retail financial transaction service provider.
Cynthia Williams Young: Cynthia Williams Young is the Chief Service Officer of Ambit Energy. She is responsible for overseeing the company’s People Department, Internal Training, Administration, and Customer Service, both internal and external. Prior to joining Ambit, Cynthia spent much of her career at Southwest Airlines
, where she served in a succession of leadership roles focused on labor and employee relations, communication, and the delivery of internal and external customer service. Her key responsibilities in each role included leadership and communication coaching and identifying and solving challenges that jeopardized the company’s culture.
Ambit Energy
Ambit Energy is an American retail electricity provider that serves residential and commercial customers in markets where energy has been deregulated by the state. Those states include: Texas, New York, Maryland, Illinois and Pennsylvania...
is an American
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
retail electricity provider that serves residential and commercial customers in markets where energy has been deregulated by the state. Those states include: Texas
Texas
Texas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...
, New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
, Maryland
Maryland
Maryland is a U.S. state located in the Mid Atlantic region of the United States, bordering Virginia, West Virginia, and the District of Columbia to its south and west; Pennsylvania to its north; and Delaware to its east...
, Illinois
Illinois
Illinois is the fifth-most populous state of the United States of America, and is often noted for being a microcosm of the entire country. With Chicago in the northeast, small industrial cities and great agricultural productivity in central and northern Illinois, and natural resources like coal,...
and Pennsylvania
Pennsylvania
The Commonwealth of Pennsylvania is a U.S. state that is located in the Northeastern and Mid-Atlantic regions of the United States. The state borders Delaware and Maryland to the south, West Virginia to the southwest, Ohio to the west, New York and Ontario, Canada, to the north, and New Jersey to...
. Corporate headquarters are located in Dallas, Texas, and operations/call center headquarters are located in Plano, Texas.
History
Ambit Energy was founded in 2006 in Addison, Texas by Jere Thompson Jr. and Chris Chambless. Several weeks later, Jere and Chris set up Ambit's first office in an open, renovated warehouse in the historic West End district of downtown Dallas. They bought several $19 fold-up tables to use as desks and use those same tables today.Energy Deregulation
When state legislatures deregulate energy, it allows for open competition in select states. After deregulationDeregulation
Deregulation is the removal or simplification of government rules and regulations that constrain the operation of market forces.Deregulation is the removal or simplification of government rules and regulations that constrain the operation of market forces.Deregulation is the removal or...
, retail pricing for energy in states is based on market forces instead of government mandates. When signing up for an electricity or gas with Ambit Energy, consumers have different rate plans in Texas, Pennsylvania, New York, Maryland and Illinois.
There are currently 23 states in various stages of deregulation. Of those states, half are at or below the national average for utility rates (based on the US Energy Information Administration’s most recent 2008 statistics). There is ample room for opportunity for retail energy providers such as Ambit Energy to offer customers of incumbent providers an option to save on their monthly utility bills.
Key Company Statistics
- Reached more than 500,000 customers in first quarter 2011
- Ambit is ranked #390 in Inc.com's list of the fastest growing private companies in America 1
- Ambit is ranked #31 in the Direct Selling Association GLOBAL 100
- Revenue increased from $43 million to $415 million in five years
- Customer growth increased 73% in 2010
- Increased Independent Consultants to more than 100,000
- Are currently servicing 15 deregulated markets across the U.S.
- Scheduled to expand into seven new markets in 2011
- A free energy program that allows customers to completely eliminate their monthly bill by referring other customers
Ambit Energy Consultants
Ambit Energy obtains customers through a network of more than 130,000 Independent Consultants who work directly with the customers. Ambit uses direct selling and is a member of the Direct Selling AssociationDirect Selling Association
The Direct Selling Association is the name of several similar trade associations in the United States, United Kingdom, Australia, Malaysia, Singapore, and New Zealand that represent direct selling companies, including those that use multi-level marketing compensation plans or party plan product...
and follows its Code of Ethics.
Markets
Ambit Energy provides energy in the following markets:- Texas – Residential electricity and commercial electricity, Oncor, CenterPoint, AEP North, AEP Central, and TNMP
- New York – Electricity and natural gas for residential and small businesses, ConEdison, National Grid (formerly Niagara Mohawk), NYSEG, and Rochester Gas & Electric, Orange & Rockland Utilities, and Central Hudson Gas & Electric service areas
- Illinois – Natural gas and electric for residential customers, NicorNicorNicor, Inc. is an energy and shipping company headquartered in Naperville, Illinois. Its largest subsidiary, Nicor Gas, is a natural gas distribution company. Founded in 1954, the company serves more than two million customers in a service territory that encompasses most of the northern third of...
and ComEd service areas - Maryland – Electricity for residential customers, Baltimore Gas & Electric
- Pennsylvania – Electricity for residential customers, Pennsylvania Electric Company (PECO), PPL Electric Utilities
Key People
Jere Thompson Jr.: Jere Thompson is Co-Founder and CEO of Ambit Energy. In 1992, Jere was also at the forefront of the telecommunications industry as it deregulated. He founded CapRock Fiber Networks to build fiber and broadband networks across Texas. As CEO, he guided CapRock into new markets, took the company public and managed its growth from infancy to 1,300 employees and $300 million in annual revenues.Chris Chambless: Chris Chambless is Co-Founder and Chief Marketing Officer of Ambit Energy. As an early member of the management team at Excel Communications, he was responsible for all aspects of the company's marketing and communications organization. Most recently, as the Vice President of Marketing at VarTec Telecom, he was responsible for all aspects of the company's marketing strategy, including brand development, channel integration strategy, sales management and new product development.
John Burke: John Burke is Co-Founder and Chief Information Officer of Ambit Energy. He has over 15 years of experience working in the electric utilities, telecommunications, financial services, and venture capital and software development industries. John has held several leadership roles, including the COO of a billing application service provider, CIO of a Verizon call center, and VP of Development for a retail financial transaction service provider.
Cynthia Williams Young: Cynthia Williams Young is the Chief Service Officer of Ambit Energy. She is responsible for overseeing the company’s People Department, Internal Training, Administration, and Customer Service, both internal and external. Prior to joining Ambit, Cynthia spent much of her career at Southwest Airlines
Southwest Airlines
Southwest Airlines Co. is an American low-cost airline based in Dallas, Texas. Southwest is the largest airline in the United States, based upon domestic passengers carried,...
, where she served in a succession of leadership roles focused on labor and employee relations, communication, and the delivery of internal and external customer service. Her key responsibilities in each role included leadership and communication coaching and identifying and solving challenges that jeopardized the company’s culture.
Awards
- Ambit Energy was named 2010’s Fastest Growing Privately Held Company by Inc. 500
- Ambit Energy received the number one ranking in Southern Methodist UniversitySouthern Methodist UniversitySouthern Methodist University is a private university in Dallas, Texas, United States. Founded in 1911 by the Methodist Episcopal Church, South, SMU operates campuses in Dallas, Plano, and Taos, New Mexico. SMU is owned by the South Central Jurisdiction of the United Methodist Church...
/Cox Dallas 100 for 2009 - CEO Jere Thompson Jr. was a finalist in Ernst & YoungErnst & YoungErnst & Young is one of the largest professional services networks in the world and one of the "Big Four" accountancy firms, along with Deloitte, KPMG and PricewaterhouseCoopers ....
’s Entrepreneur of the Year Award - CIO John Burke was named in InfoWorldInfoWorldInfoWorld is an information technology online media and events business operating under the umbrella of InfoWorld Media Group, a division of IDG...
’s CTO 25 2010 and ComputerWorldComputerworldComputerworld is an IT magazine that provides information for senior IT leaders. It is published in many countries around the world under the same or similar names. Its publisher is International Data Group. Computerworld serves the needs of IT management via print and online...
’s Premier 100 IT Leaders 2009 - Direct Selling NewsDirect Selling NewsDirect Selling News is a full-color business magazine that releases 12 issues per year and serves executives in the direct selling industry...
named Ambit in the Global 100 in 2009 as well as in the 100 Million Club in 2008 - Locally in Dallas, Ambit Energy was named in the Top 100 Places to Work 2009 by The Dallas Morning NewsThe Dallas Morning NewsThe Dallas Morning News is the major daily newspaper serving the Dallas, Texas area, with a circulation of 264,459 subscribers, the Audit Bureau of Circulations reported in September 2010...
and Best Places to Work 2009 by the Dallas Business Journal. Ambit Energy was also named in the 2009 Momentum Awards finalist by the Dallas Regional Chamber of Commerce