Discount Power (Texas) Surpasses 200,000 RCEs (Residential Customer Equivalents)

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Acquires 50,000 New RCEs in Less Than Eight Months

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“We are very proud of the fact that we have reached the 200,000-customer benchmark in just three and a half years, and that too in the highly competitive Texas retail electricity market,” said Discount Power Chief Executive Officer Neville Ravji.

Discount Power (Texas), a Houston-based retail electric provider, today announced that the company’s RCE (Residential Customer Equivalent) count has crossed 200,000. In February 2017, Discount Power crossed the 150,000 RCE threshold. In less than eight months, the company acquired 50,000 additional RCEs, despite the fact that the timeframe included Hurricane Harvey and its aftermath. The company expects to reach the 100,000-customer mark next month.

“We are very proud of the fact that we have reached the 200,000-customer benchmark in just three and a half years, and that too in the highly competitive Texas retail electricity market,” said Discount Power Chief Executive Officer Neville Ravji. “I credit the unprecedented growth to the successful execution of our market segmentation strategy, which has allowed us to focus on different market segments with unique marketing strategies and relevant products,” Ravji said.

This year, Discount Power was ranked 52nd fastest growing private company in the country in the 2017 Inc. 5000. It has ranked in the top 100 for two years running. Additionally, the company has been ranked as the fastest growing retail energy provider in the country for the last two years and the fastest growing company in Houston in the Inc. 5000 ranking.

“I believe that our focus on providing the customers what they want is the reason for our continued success,” said Mohsin Hassan, Chief Operating Officer of Discount Power. “And this would not be possible without our high-quality team, which is constantly focused on executing our customer-centric business model. It is the team’s experience and dedication that has enabled us to achieve this growth while maintaining the highest level of customer service,” Hassan said.

Discount Power is expected to have revenues of $150 million in 2017. While currently exclusively serving customers in Texas, the company plans to expand its service outside of Texas in 2018.

About Discount Power

Discount Power is a retail electric provider based in Houston, Texas. The team at Discount Power has been involved in all the business elements of the energy market since the beginning of retail deregulation in Texas and has collectively served hundreds of thousands of residential and commercial customers. The company was ranked in the top 100 of Inc. Magazine’s “Fastest Growing Private Companies in America” in 2016 and 2017 and the fastest growing retail energy provider in the country in both years. It won the Pinnacle Award for 2017 from the Houston Better Business Bureau. For more information, visit http://www.discountpowertx.com.

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Liz Breitschopf
Sard Verbinnen & Co
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