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NEW JERSEY Market Profile PowerPoint Presentation
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NEW JERSEY Market Profile

NEW JERSEY Market Profile

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NEW JERSEY Market Profile

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  1. NEW JERSEY Market Profile July 2013

  2. NEW JERSEY Market Market Size: 4.3 Million Potential Customers

  3. NEW JERSEY Market Ambit Energy is the Alternative Energy Supplier (AES) • Delivery Providers: • Jersey Central Power & Light (JCP&L)- electricity only • Public Service Electric and Gas Company (PSE&G)- electricity and gas • Atlantic City Electric (ACE)- electricity only • Rockland Electric (RE)- electricity only • South Jersey Gas (SJG)- gas only • New Jersey Natural Gas (NJNG)- gas only • Account Descriptions: • JCP&L- 20 digit number • PSE&G- POD ID: PE + 18 digits or PG + 18 digits • Atlantic City Electric- 12 digit number • Rockland Electric- 10 digit number • South Jersey Gas- 11 digit number • New Jersey Natural Gas- 12 digit number (can contain a letter)

  4. NEW JERSEY Market Invoicing- Ambit Energy does not generate an invoice, the Customer will receive an invoice from their delivery provider. Invoice is divided into two parts: • Supply Charge (provided by Ambit Energy) • Delivery Charge (Incumbent) PSE&G, JCP&L, ACE, Rockland Electric, SJG, and NJNG NO Credit Checks = NO Deposits

  5. NEW JERSEY Free Energy Our popular Free Energy Program has changed to give you more Free Energy – and more freedom! • Here’s the biggest change: No more clock! That means there’s no more deadline for gathering your 15 Customers, and no more deadline for replacing Customers! Just maintain 15 energized Customers in any month, and you earn a credit! And that doesn’t mean 15 payments; calculations will now be based on average daily energy cost, instead. You can get more Free Energy, and we can now accommodate all bill schedules • Free Energy referral credit is sent via: • PSEG – Credit • JCP&L – Credit • Atlantic City Electric – Credit • Rockland – Check • South Jersey Gas – Check • New Jersey Natural Gas - Check • For more information: PowerZone > Business Tools > Consultant Tools > Free Energy Program FAQ.

  6. NEW JERSEY Product Plans *Customers will roll over to a variable plan when their term plan expires, unless a new term is selected.

  7. NEW JERSEYJCP&L Product Ambit Energy will accept JCPL orders if a Customer is on one of the following Assistance Programs: • Universal Service Fund Program (USF)- Provides low-income customers a payment plan to help lower the monthly cost for electric service. Participants pay a maximum % of their total household income for electric and natural gas. USF is statewide program administered by the New Jersey Department of Human Services • New Jersey Statewide Heating Assistance and Referral for Energy Services (New Jersey SHARES)- Non-profit corporation organized to provide assistance to individuals and families living in New Jersey who are in need of temporary help in paying their energy bills. This program is designed to assist customers who would otherwise have no means of assistance • Home Energy Assistance Program (HEAP )-Federally funded grant program administered by the State of New Jersey Department of Human Services through a network of local community-based organizations. HEAP provides customers help with paying winter heating bills and occasionally summer cooling bills

  8. NEW JERSEY JCP&L Product Ambit Energy will reject JCP&L orders if a Customer is on one of the following Assistance Programs and will lose the program benefits: • LIFELINE- provides funding for utility bills (electric and natural gas) for qualifying disabled persons and senior citizens • Please contact JCP&L for more information

  9. NEW JERSEYPSE&G Product Ambit Energy will accept PSE&G orders if a Customer is on one of the following Assistance Programs: • Temporary Relief for Utility Expenses(TRUE)- One time TRUE Grant assistance, administered by the Affordable Housing Alliance, is intended for low to middle income NJ residents who are struggling to pay their electric or natural gas bills • Low Income Home Energy Assistance Program (LIHEAP)- Helps low-income people pay their winter heating bills. To qualify, your household income cannot exceed the amounts allowed in the household income table. NOTE: LIHEAP is closed from May 2nd to November 1st

  10. NEW JERSEYPSE&G Product Ambit Energy will reject PSE&G orders if a Customer is on one of the following Assistance Programs and will lose the program benefits: • Universal Service Fund Program (USF)- Provides low-income customers a payment plan to help lower the monthly cost for electric service. Participants pay a maximum % of their total household income for electric and natural gas. USF is a statewide program administered by the New Jersey Department of Human Services • Please contact PSE&G for more information

  11. NEW JERSEY PSE&G Product A customer will experience an enrollment reject AND be placed on a credit hold, if: Customer is enrolled in a “consolidated billing” plan with a supplier (Ambit) that has an unpaid balance of 60+ days • Placed on a 12 month credit hold Customer is PSE&G utility customer with an unpaid balance of 60+ days • No 12 month credit hold, customer must pay bill in full to be released and then Ambit enrollment will be accepted

  12. NEW JERSEY Products Ambit Energy does not accept any Assistance Programs for the following markets: • New Jersey Natural Gas (NJNG) • South Jersey Gas (SJG)

  13. NEW JERSEY Products Budget Billing- Helps to generate an average usage and rate during peak seasons to avoid high usage and rate charges • Available in JCP&L, PSE&G, and Atlantic City Electric • Must enroll through the Incumbent for the delivery portion • Must enroll through Ambit Energy for the supply portion How it works: • A 12 month average of usage history and current gas or electricity rate is calculated (locked in for 6 months) • Every 6 months, usage and rates are recalculated and any difference (rolling true up) will appear on the customer’s 7th invoice • Free Energy does not apply towards settlement amount

  14. NEW JERSEY Commercial Markets- Atlantic City, Rockland Electric, PSE&G , JCP&L, NJNG, and SJG • Electricity provided in ACE, RE, PSE&G, and JCP&L • Gas provided in PSE&G, NJNG, and SJG Budget Billing- Contact delivery provider for more information No Credit Checks = No Deposits FREE Energy Referral Program • Bill Credit: JCP&L, PSE&G, and Atlantic City Electric • Check: Rockland Electric, NJNG, and SJG

  15. NEW JERSEY Commercial *Customers will roll over to a variable plan when their term plan expires, unless a new term is selected.

  16. NEW JERSEYRates Guaranteed Rate Savings Flyers are listed in PowerZone Located in the Business Tools Tab > Advertising Tool Kit > Customer Flyers

  17. Please share this information with your organization and potential customers

  18. Thank you for your help in building the New Jersey market!