Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the acf domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/electricityrates/wordpress/wp-includes/functions.php on line 6121
Direct Energy finalizes Energetix, NYSEG Solutions acquisitions - electricityrates.pt-site.com

The browser you are using is not supported. Please consider using a modern browser.

Skip Navigation
Trustpilot
Trustpilot
Start of main content.

Direct Energy finalizes Energetix, NYSEG Solutions acquisitions

Author: Adam Cain | Updated:

Retail energy provider Direct Energy, which is currently working to set up shop in Houston after moving out of its Canadian headquarters, announced on August 23 that it had completed the acquisition of Energetix Inc. and NYSEG Solutions Inc.

According to the Houston Business Journal, both companies are based in New York, and supply retail electricity and natural gas to about 245,000 residential and business customers in the Northeast. By taking the companies under its wing and acquiring their New York and Pennsylvania customers, Direct Energy has expanded its ratepayer base in the Northeast to about 1.3 million.

Direct Energy, a subsidiary of the UK’s Centrica Plc, has several retail energy operations in Texas, including First Choice Power, CPL Retail Energy and WTU Retail Energy. The power company has been actively expanding its customer base, which has in turn prompted the company to continue hiring. Now, its Houston offices employ about 500 workers, while it has a workforce of 2,000 throughout the state.

Texas is home to several independent electric suppliers, as the state has for 10 years had a deregulated energy market that has fostered a competitive environment. 

Trustpilot
Trustpilot