Founded in 2006, Ambit Energy is a relatively young energy company and does things slightly differently than a traditional energy company would. Ambit Energy's unique approach inludes its more than 250,000 independent consultants who act as a direct sales channel for the business. Because of this, customers are often able to receive very competitive energy rates and plans, but a fair upfront price does not always tell the whole story. Ambit Energy might be the right energy company choice, but just make sure you read the fine print.
Though the plans vary state-by-state, Ambit Energy offers several fixed and variable-rate plans, one of which is its Guaranteed Savings Plan. This plan offers a variable rate that is 3% less than your existing utility company. That savings amount is calculated annually, and the rate will fluctuate as the prior utility company's rates do. The Guaranteed Savings Plan is eligible for both Ambit Energy's free energy and travel rewards programs.
The Free Energy Program with Ambit Energy provides customers the option to cut their energy costs by referring friends and family. The program has no time limit, so a customer can start referring friends on day one or day 361; it doesn't matter. The trick is that you have to refer 15 people (or more) and maintain at least 15 referrals to receive the free utilities. The Free Energy credit is calculated by the average daily energy cost for referred customers multiplied by the number of days in the billing cycle. This credit caps at your own total energy cost, and it does not include taxes, transmission charges, or other fees.
Accessible from any web-enabled device, the Customer Web App allows customers to monitor their energy usage, pay bills, and update account details. This can be extremely useful for customers who are on variable-rate plans that adjust with the amount of energy consumed. With Ambit Energy, these selective plans vary at 500 kWh, 1,000 kWh, and 2,000 kWh.
The foundational principle behind Ambit Energy is providing the best service for the best price, and to support that principle, the founders have structured the company very similarly to a multi-level marketing business; however, this structure may not bode well for new customers. Ambit Energy operates with more than 250,000 independent consultants who act as a direct sales funnel. With this, many customers receive incredible fixed rates at the beginning of their relationship with Ambit Energy, but those rates are only fixed for the initial term.
Ambit Energy doesn't offer full transparency on its website regarding all of the fees and costs associated with its service.
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