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Direct Energy offers fixed rate for electric customers in Mendota

Posted: Tuesday, May 22nd, 2012

MENDOTA - As part of its agreement with the city of Mendota, Direct Energy has set a fixed rate for electricity customers.

For the August 2012 through July 2014 billing cycles, customers in the city of Mendota will pay $4.77 cents per kWh for Direct Energy's 50% Renewable Energy Certificate Product (exclusive of utility charges and taxes). Customers can also choose the 100% Renewable Energy Certificate Product where they will be charged $4.88 cent per kWh. Residents of Mendota that do not opt-out of this aggregation program will automatically be enrolled into the 50% Renewable Energy Certificate Product.

Direct Energy will purchase and retire Renewable Energy Certificates ("RECs") to offset 50% or 100% of electricity usage (depending on the product), as determined by the customer's Electric Utility under this Agreement. Direct Energy's Renewable Energy Certificate Products combine locally generated electricity with national REC's. One (1) REC is equal to one (1) megawatt-hour of electricity generated from an eligible renewable energy source.

The city of Mendota has an agreement with Direct Energy for an electricity Opt-Out Aggregation Program, a program that is available to residential and small business consumers currently served by the local utility. Under the Opt-Out Aggregation agreement, consumers currently served by the utility are automatically included in the Opt-Out Aggregation pricing plan unless they contact Direct Energy to be excluded.

Customers who have questions about the Opt-Out Aggregation Program or who wish to opt-out should call toll-free 1-866-760-6040.

About Direct Energy

Direct Energy is one of North America's largest energy and energy-related services providers with more than 6 million residential and commercial customer relationships. Direct Energy provides customers with choice and support in managing their energy costs through a portfolio of innovative products and services. A subsidiary of Centrica plc (LSE:CNA), one of the world's leading integrated energy companies, Direct Energy operates in 46 U.S. states plus the District of Columbia and 10 provinces in Canada.

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