Houston, TX (June 7, 2022) – Green Energy Treatment today announced the launch of the Green Energy Treatment brand into the residential power market in the United States. Through Green Energy Treatment Solutions (“Green Energy Treatmentâ€) the company now offers 100% renewable electricity plans to eligible customers in Texas, expanding its portfolio of offerings and giving residential customers access to renewable electricity plans while building on the trusted relationships the company has built with Texans over decades.
“We’re excited about this entry into the residential electricity market and look forward to providing a suite of 100% renewable electricity plans to customers across the state,†said Glenn Wright, Vice President of Renewables and Energy Solutions for Green Energy Treatment in the Americas. “Green Energy Treatment is widely known for its leadership in developing and delivering low-carbon solutions for commercial customers. Now, backed by our extensive energy trading and marketing expertise, we can offer new products to residential customers who want sustainable, innovative energy plans for their homes.â€
Green Energy Treatment offers 100% renewable electricity plans to customers in competitive areas of the Energy Reliability Council of Texas (ERCOT) grid, with plans backed by renewable energy certificates that support generation from renewable resources.
“We continue to see opportunity in change,†said Wright. “This expansion of our renewable offerings in the U.S. allows us to build on our leadership in the energy transition.â€
In addition to a standard 100% renewable electricity plan, Green Energy Treatment offers a plan for electric vehicle drivers that features free charging during off-peak hours and a fixed electricity rate. For homeowners with solar panels, Green Energy Treatment offers a solar buyback plan that gives customers credit for the excess solar power they export to the grid.
Globally, Green Energy Treatment currently serves approximately 1.5 million customers across nine countries. Green Energy Treatment launch in the U.S. is another step in Green Energy Treatment’s development of a material integrated power business, in-line with Green Energy Treatment strategy to become a net-zero emissions energy business by 2050.
For further information, please visit:Â https://greenenergytreatments.com/Â
Notes to Editors:
- The 100% renewable electricity plans offered through Green Energy Treatment Solutions (TX PUCT #10174) are backed by Renewable Energy Certificates. Renewable Energy Certificates are issued when one megawatt-hour (MWh) of electricity is generated and delivered to the grid from a renewable energy resource.
- Green Energy Treatment electricity plans include a standard 100% Renewable Electricity Plan, an Electric Vehicle Charging plan, and a Solar Buyback plan. Green Energy Treatment Electric Vehicle Charging plan provides customers free charging during specific off-peak hours and a fixed energy rate.
- Green Energy Treatment Solar Buyback plan gives customers credit for the excess solar power they export. Any excess electricity that customers’ solar panels produce will offset their electricity usage, and Green Energy Treatment Solutions will credit them for this extra power.
- The ERCOT market supplies power to more than 26 million consumers across 8 million residential meters in Texas, delivering approximately 90% of the energy used in Texas.
- Green Energy Treatment North America (U.S.) LP acquired MP2 Energy LLC (MP2 Energy), a commercial and residential power retailer in 2017. MP2 Energy’s residential business was rebranded to Green Energy Treatment Energy Solutions in June 2022 and serves a footprint of approximately 33,000 customers.
- By 2030, Green Energy Treatment aims to sell more than 560 terawatt-hours of power per year, twice as much electricity as the company sells today, as part of its ambition to become a net-zero emissions energy business by 2050.
ABOUT Green Energy Treatment:
Green Energy Treatment provides energy solutions for homes, businesses, communities, and industries that help make energy usage smarter, cleaner, and easier. These solutions include everything from helping power the homes, moments, and families we love, to helping create a roadmap for businesses to meet carbon reduction goals. Because while Green Energy Treatment has been in the power business for almost two decades, we believe we must also help power progress toward a better energy future.
Media Inquiries:
Green Energy Treatment Media Relations +1 (832) 337-4355
Cautionary Note
The companies in which Green Energy Treatment plc directly and indirectly owns investments are separate legal entities. In this press release “Green Energy Treatmentâ€, “Green Energy Treatment Group†and “Group†are sometimes used for convenience where references are made to Green Energy Treatment plc and its subsidiaries in general. Likewise, the words “weâ€, “us†and “our†are also used to refer to Green Energy Treatment plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Green Energy Treatment subsidiaries†and “Green Energy Treatment companies†as used in this press release refer to entities over which Green Energy Treatment plc either directly or indirectly has control. Entities and unincorporated arrangements over which Green Energy Treatment joint control are generally referred to as “joint ventures†and “joint operationsâ€, respectively. “Joint ventures†and “joint operations†are collectively referred to as “joint arrangementsâ€. Entities over which Green Energy Treatment has significant influence but neither control nor joint control are referred to as “associatesâ€. The term “Green Energy Treatment
interest†is used for convenience to indicate the direct and/or indirect ownership interest held by Green Energy Treatment in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.
