Constellation Energy (NYSE:CEG), one of the nation's leading competitive electricity suppliers, is teaming up with Vivint(TM), one of the largest home automation companies in North America, to offer Vivint customers more control and options when it comes to their electricity use and costs.
Vivint customers in select markets, including Illinois, New Jersey, Pennsylvania, Maryland and Washington, D.C., may choose Constellation as their electricity supplier when they sign up for Vivint's energy management package.
"Consumers want more choices and control when it comes to their home energy use," said Bruce Stewart, Constellation's Chief Marketing Officer. "Joining efforts with a leading home automation company like Vivint gives us the ability to offer our customers additional tools to manage their energy consumption. We want our customers to have the necessary information to make smarter choices, reduce their energy use, and lower their power bill. Working with Vivint will mean real, measurable benefits for families, and for the environment."
"This partnership is important to Vivint and our customers," said Tanguy Serra, president of the company's energy division. "By joining with industry leaders like Constellation, we can provide our customers with even more value, and build a strong foundation for future relationships and offerings."
Vivint customers currently have the option of adding energy management features to their home security and automation packages. When Vivint customers in the markets included in this agreement choose the energy management package, they will also be given the opportunity to select Constellation as their electricity provider. Vivint energy management customers who make the switch to Constellation will benefit in three ways:
- Fee waived: Vivint will waive the one-time energy management upgrade fee.
- Use less energy: Vivint's energy management features give customers more information and control over their energy use, which Vivint estimates can translate into an average savings of $24 per month.
- Low electricity price: Constellation offers competitive pricing on 12- and 24-month plans, which provide price protection against rate volatility.
Consumers in states with competitive electricity markets may shop for electricity much like they shop for a new cable or satellite TV or mobile phone service provider. These states allow customers to choose their electricity supplier and take advantage of price certainty with competitive, fixed-rate options; in some markets, consumers also may choose at least 10 percent green energy generated from renewable wind power sources. Consumers may learn more about Constellation's offers to homeowners and renters at home.constellation.com
Vivint Inc. is a leading provider of home technology services in North America. Vivint's technology-based platform integrates a wide range of wireless features and components that deliver simple, affordable home automation. In 2011, Vivint's Full Home Automation package and Advanced Security package received a Consumers Digest "Best Buy" rating. Dedicated to protecting families, increasing energy efficiency, and simplifying lives, Vivint has more than 12 years of experience and supports over 560,000 customers throughout the United States and Canada. For more information, visit the company's website at www.vivint.com.
About Constellation Energy
Constellation Energy (www.constellation.com) is a leading competitive supplier of power, natural gas and energy products and services for homes and businesses across the continental United States. It owns a diversified fleet of generating units, totaling approximately 12,000 megawatts of generating capacity and is a leading advocate for clean, environmentally sustainable energy sources, such as solar power and nuclear energy. The company delivers electricity and natural gas through the Baltimore Gas and Electric Company (BGE), its regulated utility in Central Maryland. A Fortune 500 company headquartered in Baltimore, Constellation Energy had revenues of $14.3 billion in 2010.