Ambit Energy Launches Service in NYSEG New York Territory

Deregulation pioneer expands market share, gains access to additional 1.1 million customers (NEW YORK) – Ambit Energy, one of the fastest growing Energy Services Companies (ESCOs) in the state, launched electricity and natural gas services in the New York State Electric & Gas (NYSEG) territory today. “Expanding our presence in New York allows people looking to save on energy costs another valuable option,” said Ambit Energy CEO and co-founder Jere W. Thompson, Jr. “When energy markets deregulate, the consumer wins. We are proud to say that we can now offer almost every customer in the state a lower cost option compared to the incumbent provider.” With this launch, Ambit Energy will now offer its competitive rates to a market of more than 871,000 electric and 256,000 gas customers – more than 40 percent of upstate New York.

As they have done in other New York market areas such as Con Edison and National Grid, Ambit Energy’s team and independent Consultants will work with customers interested in switching providers, as well as those interested in the business opportunity offered through Ambit Energy. “Now that we have expanded our presence in New York, our independent Consultants are able to serve even more people looking to save on energy costs,” said Ambit Energy CMO and co-founder Chris Chambless. “As the warmer months approach, we believe this launch is timely and will help New York consumers in the NYSEG territory switch and save.”

As in other New York markets, Ambit Energy will offer a competitive monthly rate and annual savings guarantee. For information on Ambit Energy’s rates, services or launch into the NYSEG Territory, visit AmbitEnergyTexas.com. About Ambit Energy Ambit Energy, L.P. is a Dallas-based energy provider of electric and natural gas services in deregulated markets across the U.S., including regions of Texas, Illinois and New York. Ambit Energy is one of the finest and most respected energy providers in the industry offering cost-effective and sound choices for today’s energy consumer. For more information on becoming a customer, earning free electricity or joining the Ambit Energy team, visit AmbitEnergyTexas.com.

Ambit Energy Expands Service into New York's National Grid Territory Energy

Ambit Energy, L.P., announced today it will begin offering electricity and natural gas service to residential customers in the National Grid territory in the State of New York. The company's service comes with the same savings guarantee currently extended to Ambit Energy's customers in New York's Con Edison territory—a 7% discount for the first two month’s usage and an annual overall savings of at least one percent under the incumbent provider's rate.

Ambit Energy Co-founder and Chief Marketing Officer Chris Chambless said, "With Ambit, customers in New York have an attractive alternative to the monopoly provider's service and a no-lose guarantee. We guarantee our New York customers will save at least one percent on an annual basis compared to what they would have paid National Grid, or we'll send them a check for the difference."

Ambit Energy customers who switch from National Grid will save at least 7% under the incumbent’s rate for their first two months of service, and thereafter receive a competitive variable rate. Said Ambit Energy Co-founder and CEO Jere Thompson, Jr., "As we build Ambit Energy to become the finest and most respected retail energy services provider in the country, we continue to identify opportunities where we can be competitive so that we can offer our customers alternatives and lower rates on all kinds of residential energy products."

Ambit Energy Announces New York Launch

Ambit Energy announced today that it will begin providing electricity service to residents of all five boroughs of New York City and Westchester County in the State of New York, effective May 25, 2007.

Ambit last year secured approval from the New York State Public Service Commission to become an Energy Services Company (ESCO) serving residential electric customers in New York State. Meanwhile, the company has undertaken comprehensive steps during a Pre-launch phase to ensure that Ambit customers and Independent Consultants will have a positive, seamless experience in the New York market.

"In keeping with Ambit's commitment to becoming the finest and most respected retail energy services company in the country, we are expanding our operations beyond Texas to serve the New York market," said Chris Chambless, Ambit Energy Co-Founder and Chief Marketing Officer. “We have upgraded all of our systems to accommodate this expansion so that our New York customers and customer gatherers will experience the same seamless transition to Ambit Energy service as people in Texas when switching electricity suppliers.

"Our goal is to provide savvy entrepreneurs in New York the opportunity to build residual income in the electricity industry, on a part or full-time basis, by acquiring customers and building a team of customer gatherers," Mr. Chambless adds. “We are building on our success in Texas with a proven business model and taking our best practices into this new market. We are very excited about the opportunity to help customers save money on their monthly electricity bills, and to help our customer gatherers make money.”