Ambit Energy Lone Star 1 Year
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Ambit Energy has a rate for June at .1199 cents a kwh
Ambit offers what appears to be a very low cost residential electricity rate (.1199 cents kwh) for residential customers in Texas. As of August 2009 Ambit Energy is among the price leaders and cheaper than some of the big brand traditional electricity providers like TXU and Reliant Energy.
What’s the catch?
As long as you remain on the plan the entire term of the contract which is 12 months you will avoid the early termination penalty which is a hefty $199. The rate they offer as of June 2007 is .1199 cents kwh which is very low. You must be using over 500 kwh in order to have this rate otherwise you will have to pay a rate of .1398 cents kwh. Most people use over 500 kWh so they would not have to pay the higher rate. As of August 2009 Ambit Energy’s rates are much more competitive and are some of the cheapest electricity rates offered among all Texas electricity companies.
The single bachelor in an apartment might not break above 500 kwh but most people do. It is important to check your historical usage history so you know ahead of time if you will have to pay a monthly service fee or not. Also, when the 1 year term is up be sure to go back out and renegotiate your electric rate. As of August 2009 Ambit Energy is a whole new animal having bought a traditional electric company by the name of Commerce Energy. Ambit offers several different discount fixed rate term plans a few cents cheaper than both Reliant and TXU Energy. Ambit also offers a green energy choice and a variable electricity rate plan.
The below facts label is a historical record of Ambit Energy’s electricity rate back in July of 2007. Ambit Energy has become much more competitive and a reliable electricity company for residential homes and apartments in deregulated Texas.
10 Comments
November 30th, 2007 at 1:08 pm
When looking for electricity choices in Texas, NY & IL please be wary of Ambit Energy. Executives have been made aware that one of their reps, Bob Pearson, is soliciting potential reps for $5,000 – $10,000 in order for him to build their Ambit business. They claim this is against Ambit policies and even though more than one person has reported Mr. Pearson’s tactics, they have chosen to let him stay in Ambit:
NBC Channel 5 – Thousands Victimized by Bob Pearson
http://video.nbc5i.com/player/?id=115208
December 7th, 2007 at 12:44 am
Monique,
Please come to the corporate office and sign an affidavit that this occurred and I am confident that the execs at Ambit will handle it appropriately. So far no one who continues to make these claims has come forward to sign an affidavit stating this.
January 5th, 2008 at 10:21 am
I have read thes claims all over the internet from Igite reps. however they all stand unfounded until the proof is presented.
Please provide the Proof! If this practice were truly occuring the company would have halted his operation immediately.
The fact is no proof has been submitted.
Seems to be that someone has a Vendetta against Mr. Pearson.
By the way, I don’t know Mr. Pearson but I’d leave the past in the past.
March 8th, 2008 at 9:36 pm
i have had ambit enegery for a year. i think its been a great company to get my eletric from we went from 500.00 a month to under 250.00 a month the bill was split in half….
August 3rd, 2008 at 6:22 pm
I’m shopping around, and these guys are on my list to consider.
One thing I always need to know is how much lead time they give between billing and pay-due dates. I had repeated problems, late fees and a disconnect from Entergy before I finally told them to take a flying leap. I notice they are no longer around. I WONDER WHY.
I was considering going with Stream until I read TWO user comments about their billing practice, same as Entergy. Bye-bye Stream!
August 28th, 2008 at 4:36 pm
Thinking about Ambit Energy? BUYER BEWARE!
I signed up 3 months ago on the month to month plan (thats all that was offered in my area at the time). The rate was 10.1/ kw hr. The very next month my rate shot up to 16.6. Just got my latest bill – the rate is now 19.9. What started as a good competitive rate now is now legalized rape. AMBIT = RIPOFF!!!
December 4th, 2008 at 2:06 pm
I’d really like to see these claims being made of their electric bills jumping so high. Can someone scan their bill and post it online somewhere? And don’t photoshop it to make all the numbers different! Cover your name or whatever info you dont want us to see and get a copy of a real bill out here for us to see if you so worried about other people signing up with Ambit.
July 13th, 2009 at 4:56 pm
All electric companies who offer term contracts – 6-month, 12-month or 24-month locks of the kwh rate — have termination/disconnect fees of $99 to $199 if you switch before the time period is up. ALL of THEM – so its not just Ambit.
Regarding the month-to-month option for any company – never sign up for that as they have the control to index your rate based on the cost of natural gas – and it goes up a lot faster than it goes down – its just not the best product if you want predictable bills. Always choose a short term lock and you’ll be better off and know for sure what your monthly costs are. I switched to Ambit in June 09 and saved $130 per month off my $400+ per month electric bill – so something about these other posts is off or their rates have become much more competitive!
July 13th, 2009 at 5:00 pm
Lonna,
Ambit Energy’s prices have become much more competitive since this post was created. This post was created back in 2007 and only serves as a historical indicator of what Ambit Energy prices were back then. As of now Ambit Energy is very competitive with several other electricity companies in Texas.
August 17th, 2009 at 10:00 pm
hello admin and all others
I have a been an Ambit customer for over a year, and we are very pleased with the service, billing, and rates. we have been paying 50% less and saved a lot of money. After all, it’s energy…we all need it. People need to know the TRUTH about Ambit… it’s a GREAT company if you are customer or in the business.