P1EC provides a platform for consumers to compare energy supply rates and select from various contract structures in a deregulated market. By negotiating better utility rates, the company enables clients to effectively reduce and manage their energy costs.
Funding
$7.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
In deregulated energy markets, consumers often lack the time and expertise to navigate complex rate structures and supplier options, potentially leading to suboptimal energy contracts and higher costs. Comparing plans from multiple providers can be a time-consuming and confusing process.
Solution
P1EC (Power 1 Energy Company) simplifies energy procurement by providing a platform for consumers to compare energy supply rates and contract structures in deregulated markets. Through its operating businesses, NextVolt Energy and The Power Company, P1EC offers both energy supply and brokerage services. NextVolt Energy focuses on providing home electricity plans, while The Power Company serves as an energy advocate for commercial clients, sourcing and negotiating competitive pricing. P1EC's mission is to assist clients in reducing and managing their energy costs by negotiating better utility rates and providing access to a variety of energy plans.
Target Audience
P1EC serves both residential consumers seeking home electricity plans and commercial clients looking for energy brokerage services in deregulated energy markets.
Features
- Comparison platform for energy supply rates in deregulated markets
- Access to a variety of contract structures
- Services for both residential and commercial customers
- Energy brokerage services to negotiate competitive pricing
- Direct energy supply through NextVolt Energy
- Customer portal for account management and usage review
- Affinity programs for increased customer engagement