Is any of EO revenue due to affiliate style deals where they get a commission for a signup with some providers or is it all $10 a month subscriptions?

2nd Generation Ag said:

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I work for Energy Ogre and we don't touch your thermostat. We ask for your electricity usage profile off your smart meter to find the best electricity plan for your home. That data is in 15 min increments.

We run the electricity demand curve of your home (every home is different) against every electricity plan (supply curve) on the market and find the one that mathematically saves you the the most money. It's all done with technology.

There can be 500 -1500 electricity plans on the market at any given time.

Whether you like us or not we have saved consumers over 200 million dollars. That's not a bad thing. We started the company to help the consumer. 90% of Texans overpay. 55% overpay by 40%

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90% of Texans overpay...really? Because I didn't know that 90% of Texans even had a choice. Two of the last 3 places I've lived (Montgomery Country and Galveston County) didn't have any choice.

I looked it up, and only 85% of Texas has choice. I assume that's population and not geography, but I'm not sure.

There are no "affiliate" deals or anything like that. I know that Power Wizard was started by Gexa or is associated with them somehow, but I have no idea if Gexa gets $$ when people sign up through Power Wizard or not.

Sea Speed said:

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Texas power agents is better than EO in my opinion and run by an Aggie. It also costs less.

But the best values right now are in 3 year contracts so it is probably smart to get rid of the service and just keep anneye on prices every month or so to see if prices have fallen enough to justify the cost of contract cancelation.

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Yep. I locked in at 9.5 cents a year or two ago. It wasn't the lowest cost, but it had the longest term, and I'd rather take a sure thing. These brokers don't use intuition or conservative principles - they just run computer models. Also, they don't have any insight into my family dynamics. Who's home from college, who's working from home during the summer...I don't need rates that change throughout the day.

Wish I had choice in Bolivar. My bills on 1650 square feet there have been 50% higher than my bills on 3400 square feet in Kingwood. Of course, renters probably set it on -10 degrees...

Kenneth_2003 said:

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Quote:

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At Reliant, our program is called Degrees of Difference and it rewards customers with a bill credit for the small changes they make to reduce their usage during designated events, which are communicated to customers in advance.

Here's how it works: Customers with smart thermostats have the temperature automatically adjusted by no more than four degrees during these designated events, which last no more than four hours. However, customers always have ultimate control over the temperature in their homes and can override any adjustments.

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Space City Weather Post -- Smart Thermostat Access

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So, they can jack up your temperature by 4 degrees when you're not at home, even if you've already set it at 80. You come in and it's 84, and you spend and extra couple of hours getting your home back to comfortable. If you have a newer AC unit that's probably fine, but some older units will spend a long time playing catch up.

Just got a 3yr with Constellation for 14.8c and a $99 cancellation. Basically just wait until prices come back in, cancel, and sign somewhere else eventually.

Irish 2.0 said:

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Just got a 3yr with Constellation for 14.8c and a $99 cancellation. Basically just wait until prices come back in, cancel, and sign somewhere else eventually.

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Apparently this is too difficult to understand for EO

Sea Speed said:

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Irish 2.0 said:

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Just got a 3yr with Constellation for 14.8c and a $99 cancellation. Basically just wait until prices come back in, cancel, and sign somewhere else eventually.

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Apparently this is too difficult to understand for EO

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Yep. I suspect their dirty little secret is that they never cancel contracts, which is partially why they won't go beyond 12 months term.

I had EO advise me to cancel a contract when I first signed up, so that is not true. Depends on the length of your contract and what your cancellation fee is.

Gene Stallings said:

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I had EO advise me to cancel a contract when I first signed up, so that is not true. Depends on the length of your contract and what your cancellation fee is.

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I believe that they mean that once you're in a contract that EO put you in they don't cancel it or the algorithm they use doesn't account for cost savings by switching mid-contract even with a cancellation fee.

Jack Cheese said:

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Sea Speed said:

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Irish 2.0 said:

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Just got a 3yr with Constellation for 14.8c and a $99 cancellation. Basically just wait until prices come back in, cancel, and sign somewhere else eventually.

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Apparently this is too difficult to understand for EO

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Yep. I suspect their dirty little secret is that they never cancel contracts, which is partially why they won't go beyond 12 months term.

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They put me in a 24-month contract on July 12.

Fair enough. I was just going off what the guy who works for EO was saying on this thread.

Hey Sea Speed if you need to come on and bash Energy Ogre than so be it. Don't use us and move on. A lot of people that do bash us have an agenda. We help tons of people. Overr 200 million in savings. Hey we can't please everyone. Nobody can... We are not perfect.. We have people that work for us that arent perfect. If you are looking to find something negative you going to find it.

If I don't like a resturant I just dont go back. No harm no foul.

A ton of people like us and what we do. 260,000 of them. I dont come on here and brag about it.It's electricity man. Go focus on something else.

94 chem. FYI The people that don't have a choice overpay as well. They just can't do anything about it.

2nd Generation Ag said:

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Hey Sea Speed if you need to come on and bash Energy Ogre than so be it.

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then

What kind of agenda could I or the numerous people in this thread who have had issues with EO have? This is a thread on a discussion board discussing EO and their competitors, and that's exactly what is happening, people are "focusing" on the subject of the thread. Hell, the thread title basically tells you it is going to be a negative thread about EO, because why else would OP be shopping around?

I recommend not taking criticisms of your employer personally, but it sure sounds like some of the criticisms are valid. You told the thread that EO fundamentally does not believe in locking in long term plans, yet 10 posts up another user says EO put him in a 24 month plan. So which is it? That is the number one complaint I have read. Not locking in the best rates RIGHT NOW because as we learned, EO doesn't believe in long term plans. It is clearly driving customers away.

And let's not act like you work for a charity or do your job for some altruistic reasons. The goal of EO is to make money, and if my math is correct, revenue should be over $30MM this year. I am sure there are some well paid folks over there, as there should be. They very obviously bring value to some people's lives. This thread is apparently not those people.

I use energy Ogre because my motto in life is to know thyself and prepare accordingly.

In my mind, I want to be that guy that checks rates and keeps an eye out and all of that, but I am not. I'd say I would and then end up locked in something insane not noticing it. So, 10 bucks to have someone else monitor it seems like it would save me money.

which..this thread makes me feel like maybe I have done anyways.

I think all he is saying you have made your point and just move on. We are not all going to agree on everything. People on the thread know how you feel and no need to keep piling on.

On EO do they give you a chance to confirm you want to accept the plan they're putting you in or is it just 100% done deal once they decide?

Initially, you approve the plan they pick. After that, they will sign you up for the next plan but you have a certain amount of time to opt out I think. They will give you options when you initially sign up like do you wanna leave a deposit, do you want only renewable, etc.

Haven't read the thread, but we've been using Real Simple Energy and are happy with the results, and the speediness with which the reps get back to us with any requested information and answer all of our questions. Used EO years back for a short spell and told them to pound sand after we realized they weren't doing any real leg-work to find us the best plan.

speck3 said:

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which I don't really have time to do.

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No time for it because for read a message board thread about electricity cost/consumption at 11 am on a Monday. Then feel the need to respond?

This thread has grammar smack, electricity smack, lets be honest EO is doing the work that some people I guess don't want to do its not a ground breaking business model.

Their daily work cant' be all the difficult