TXU Signs Agreement with Comverge

Friday, 06 August 2010 20:36

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TXU Energy has announced a new multi-year purchase, installation, and service agreement with Comverge, Inc. The exclusive agreement enables TXU Energy to expand, with plans to deploy 100,000 smart energy efficiency devices such as TXU Energy iThermostats and TXU Energy PowerMonitors in homes and businesses throughout Texas by 2012.

Jim Burke, TXU Energy chief executive officer says, “With this agreement in place, we are now able to install significantly more smart energy efficiency devices throughout the state. 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.” Burke adds: “Smart energy efficiency devices, like the TXU Energy iThermostat are here to stay. 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.”

In 2007, TXU Energy committed to invest $100 million in demand-side management and energy efficiency products and services; to date, TXU Energy has installed roughly 20,000 smart energy efficiency devices. In addition, the company has successfully introduced new products such as time-of-use plans that take advantage of the newly-deployed smart meters.

Burke notes, “It’s clear from our early efforts that consumers are actively choosing to adopt these new energy efficiency tools. We believe that’s due, in large part, to our ability to make them both functional and affordable.”

Comverge President and CEO, R. Blake Young, adds, “Today’s news demonstrates TXU Energy’s commitment to providing customers with the insight and control they need to manage and reduce energy consumption. Through this partnership, we are going to help drive energy efficiency solutions that take full advantage of a smarter grid.”

TXU Energy provides electricity and related services to more than 2 million electricity customers in Texas. Visit txu.com for more information.