Champion Energy Explained

Champion Energy Services
Foundation:2005
Location City:Houston, TX
Location Country:United States
Key People:Michael Sullivan, President and CEO
Area Served:Texas, Pennsylvania, Ohio, Illinois, New Jersey, New York, Delaware, Maryland, Washington, D.C.
Industry:Electric Utilities
Parent:Calpine

Champion Energy Services, LLC is a retail electricity provider (REP) based in Houston, Texas. Champion Energy currently serves residential, governmental, commercial and industrial customers in deregulated electric energy markets in Texas, Illinois, Ohio, Pennsylvania, New Jersey and New York; governmental, commercial and industrial customers in Delaware, Maryland and Washington, D.C.; and natural gas customers in Illinois.[1] The company is a subsidiary of Calpine.[2]

History

Champion Energy Services, LLC was first licensed by the Public Utility Commission of Texas (PUCT) in 2004.[3] After entering the market in 2005, Champion has seen strong growth and currently serves around 2,000,000 residential customer equivalents, with a peak load of near 4,500 megawatts.

Products and Services

Champion Energy Services offers a variety of retail plans depending on the market served and the customer classification. All markets and customer classifications can select fixed price plans that allow customers to lock in an electricity rate for the term of the agreement. For commercial customers, more complex options are available including index, hybrid (fixed and index combinations), block and index, and layered purchase options. These commercial plans are customer-specific, require greater customer involvement, and have a substantially different risk profile than fixed price plans.[4]

J.D. Power and Associates Rankings

The company ranked "Highest in Residential Customer Satisfaction with Retail Electric Service" according to the J.D. Power and Associates Texas Residential Retail Electric Provider Customer Satisfaction Studies from 2010-2013 and again from 2015-2016.[5]

Texas Electricity Ratings

Champion Energy Ranked #1 as "The Best Texas Electricity Provider" according to Texas Electricity Ratings annual rankings from 2021-2023.[6]

See also

Notes and References

  1. Web site: Champion Energy Expands Footprint to Seventh State. Energy Choice Matters. 22 October 2012. 4 October 2012.
  2. Web site: Calpine Closes on Acquisition of Champion Energy. 5 October 2015. 1 October 2015.
  3. Web site: Champion Energy Services LLC. Retail Electric Provider Report. Public Utility Commission of Texas. 22 October 2012.
  4. Web site: Commercial Energy Products. Champion Energy Services. 24 April 2017.
  5. Web site: J.D. Power 2016 Retail Electric Provider Residential Customer Satisfaction Study. J.D. Power. J.D. Power. 24 April 2017.
  6. Web site: The Best Texas Electricity Providers - 2023. Texas Electricity Ratings. Texas Electricity Ratings. 29 December 2023.

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