Ambit Energy

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Ambit Energy
IndustryEnergy
GenreRetail electricity and natural gas provider
Founded2006
HeadquartersDallas, Texas, United States
Area servedTX, IL, NY, MD, PA, NJ, CT, MA, CA, DE, RI and Washington D.C.
Key peopleJere Thompson Jr. (Co-Founder & CEO), Chris Chambless (Co-Founder & CMO), John Burke (CIO), Laurie Rodriguez (CFO)[1]
RevenueUSD $ 930 Million (2012)[2] (unaudited)
Employees492 (2013)[3]
Websiteww2.ambitenergy.com
 
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Ambit Energy
IndustryEnergy
GenreRetail electricity and natural gas provider
Founded2006
HeadquartersDallas, Texas, United States
Area servedTX, IL, NY, MD, PA, NJ, CT, MA, CA, DE, RI and Washington D.C.
Key peopleJere Thompson Jr. (Co-Founder & CEO), Chris Chambless (Co-Founder & CMO), John Burke (CIO), Laurie Rodriguez (CFO)[1]
RevenueUSD $ 930 Million (2012)[2] (unaudited)
Employees492 (2013)[3]
Websiteww2.ambitenergy.com

Ambit Energy is a United States multi-level marketing[4] company that provides electricity and natural gas services in energy markets in the U.S. that have been deregulated.[5] The company's corporate headquarters are located in Dallas, Texas, and its operations/call center headquarters are located in Plano, Texas. Ambit Energy was founded in 2006 in Addison, Texas by Jere Thompson Jr. and Chris Chambless.[6]

Sales Structure[edit]

Ambit Energy obtains customers through a network of independent consultants who work directly with the customers. Ambit Energy uses a multilevel marketing model and is a member of the Direct Selling Association of America,[7] a public relations and lobby organization that represents the interests of multilevel marketing companies is the U.S.

Criticism[edit]

Ambit Energy has come under scrutiny from New York state regulators and consumer advocates who say that representatives, who are paid by commission, have misrepresented contracts, have exaggerated financial benefits of membership, and have been excessively aggressive in recruiting vulnerable groups such as the elderly and non-native English speakers.[4]

Markets[edit]

Ambit Energy provides energy currently in 12 states, all of which have deregulated energy markets (i.e., California, Connecticut, Delaware, Illinois, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Rhode Island, Texas, and Washington, D.C.).[8]

Other[edit]

References[edit]

External links[edit]