MXenergy Auctions off Electricity in Cyberspace
Published December 6th, 2007
AuctionPublicity.com - The cost of electricity — like the weather — is something people often discuss but never do anything about. For the first time, however, a select group of Connecticut consumers can take matters into their own hands and can set their own price for power from MXenergy using the online auction site eBay.
MXenergy will accept the highest bid on a megawatt (1,000 kilowatts) of electricity and divide it by 1,000 to determine the rate at which the winner can purchase electricity (up to 10 megawatts over a 12-month period) after signing up with MXenergy. The offer is available only to bidders who live in the United Illuminating market, which serves customers in 17 municipalities from Fairfield to North Branford and north to Hamden.
“An average household uses approximately 10 megawatts per year,†explained MXenergy President and Chief Executive Officer Jeffrey Mayer, “and with this online auction, we have ‘empowered’ bidders to set their own rate for electricity and help manage their energy costs.â€
A recent MXenergy survey found that nearly three-quarters of American homeowners are concerned that home energy costs will strain their household finances over the next year. And while energy costs are a great concern to Americans, the research also discovered only 30 percent of Americans understand how home energy prices are set and 90 percent feel they have limited or no control over their home energy costs.
About MXenergy
MXenergy is one of the fastest growing retail natural gas and electricity suppliers in North America, serving approximately 500,000 customers in 37 utility territories in the United States and Canada. Founded in 1999 to provide natural gas and electricity to consumers in deregulated energy markets, MXenergy helps residential customers and small business owners control their energy bills by providing both fixed and variable rate plans. For more information, contact MXenergy customer care at 800.785.4373 or online at www.mxenergy.com.
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