Based on strong customer demand, TXU Energy is targeting installation of 100,000 smart energy efficiency devices in homes and businesses throughout Texas by 2012. The company established the new target as it announced a new multi-year purchase, installation and service agreement with Comverge, Inc.
The exclusive agreement with Comverge enables TXU Energy to expand the availability of the TXU Energy iThermostatTM and other smart energy devices to customers across the competitive retail electric market in Texas.
"With this agreement in place, we are now able to install significantly more smart energy efficiency devices throughout the state," said Jim Burke, chief executive officer, TXU Energy. "It's an aggressive target, but we believe that giving our customers the tools they need to use less energy is good for them, it's good for the environment and it's good for our business."
In 2007, TXU Energy committed to invest $100 million in demand-side management and energy efficiency products and services that help Texans better manage and reduce their energy consumption.
To date, TXU Energy has installed roughly 20,000 smart energy efficiency devices like the TXU Energy iThermostat and TXU Energy Power MonitorTM. In addition, the company has successfully introduced new products such as time-of-use plans that take advantage of the newly-deployed smart meters.
"It's clear from our early efforts that consumers are actively choosing to adopt these new energy efficiency tools," Burke said. "We believe that's due, in large part, to our ability to make them both functional and affordable."
The TXU Energy iThermostat is the first and only Web-enabled programmable thermostat in the Texas retail electric market that gives consumers the ability to monitor, remotely control and personally manage their home or business temperature over the Internet.
"Today's news demonstrates TXU Energy's commitment to providing customers with the insight and control they need to manage and reduce energy consumption," said Comverge President and CEO, R. Blake Young. "Through this partnership, we are going to help drive energy efficiency solutions that take full advantage of a smarter grid."
Comverge manufactures the communications module inside the TXU Energy iThermostat and provides software needed to control the thermostats remotely. The new contract expands that relationship by adding comprehensive installation and services which will result in operational efficiencies, provide additional cost savings and enhance the customer experience.
"Smart energy efficiency devices, like the TXU Energy iThermostat are here to stay," said Burke. "Our objective is to remain the market-leader in this area by providing our customers with tools, products and services that meet their energy efficiency needs."
About TXU Energy
TXU Energy is a market-leading competitive retailer that provides electricity and related services to more than 2 million electricity customers in Texas. TXU Energy offers a variety of innovative products and solutions, allowing both its residential and business customers to choose options that best meet their needs, including exceptional customer service, competitively priced electricity service plans, innovative energy efficiency options, renewable energy programs and other electricity-related products and services. Visit txu.com for more information about TXU Energy. REP #10004.