Gexa Energy Achieves Ambitious 100% Renewable Energy Goal

Rhea-AI Summary

Gexa Energy, a prominent Texas electricity provider, has successfully transitioned all residential plans to be powered by 100% renewable energy at no additional cost. This initiative, announced on November 16, 2020, benefits over 200,000 residential customers, aligning with growing consumer demand for cleaner energy sources. Gexa’s parent company, NextEra Energy, is the largest generator of renewable energy in North America, operating over 19,000 megawatts of wind and solar generation. Gexa's commitment to renewable energy is further supported by its purchase of renewable energy certificates.

Positive

• All residential plans now feature 100% renewable energy.
• No additional costs for residential customers.
• Supports over 200,000 residential customers.
• Alignment with consumer expectations for cleaner energy.

Negative

• None.

HOUSTON, Nov. 16, 2020 /PRNewswire/ -- Gexa Energy, a leading Texas retail electricity provider, announced today that it has reached its goal of shifting all residential plans to 100% renewable energy and providing every residential customer with green power at no additional cost.

A recent study showed that 70% of Americans expect electricity generation to become cleaner over time.¹  Gexa Energy has boldly responded to that demand. In August 2019 Gexa announced that it planned to make the delivery of green power a strategic focus and source all electricity plans from clean energy.

Today's announcement is an important milestone for that initiative, which benefits every one of the company's 200,000-plus residential customers.

"Renewable energy truly is our future," said Gexa Energy President Brian Landrum. "Renewable energy is good for customers and the environment, and increasingly, the economics of renewable energy make it good for business, too. It's a win all around, and we've got big plans for the state of Texas."

Gexa is also part of environmental efforts extending well beyond the Lone Star State.  Gexa's parent company, NextEra Energy Resources, is the world's largest generator of renewable energy from the wind and sun. The company currently operates more than 19,000 megawatts of wind and solar generation in North America. 

Gexa Energy is able to offer 100% green electricity plans by purchasing and retiring renewable energy certificates (RECs) from wind and solar producers to match its customers' electricity usage. Each REC represents one megawatt-hour of green power that has been added to the grid. Buying RECs helps fund further development of green energy efforts.

"Gexa is very proud to offer Texans affordable green energy plans at no extra cost," Landrum said. "And we're fully committed to keep introducing additional plans, products and services that help people consume energy wisely."                                                                                 

About Gexa Energy, LP
(PUCT # 10027) Since entering the Texas deregulated energy market in 2002, Gexa Energy, LP, has established itself as one of the leading retail electricity providers for residential and commercial customers in the state of Texas. Gexa Energy, LP is a subsidiary of NextEra Energy, Inc. (NYSE: NEE), a leading clean energy company. For additional information about Gexa Energy, visit www.GexaEnergy.com or call 866-961-9399.

¹ Consumer Reports 2018 Energy Utilities Survey Report Introduction …" https://advocacy.consumerreports.org/wp-content/uploads/2018/10/CR-2018-Energy-Utilities-Survey-Report-1.pdf. Accessed 26 Jul. 2019.

 

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SOURCE Gexa Energy, LP

FAQ

What did Gexa Energy announce on November 16, 2020?

Gexa Energy announced the transition of all residential plans to 100% renewable energy at no extra cost.

How many customers benefit from Gexa Energy's renewable energy plans?

Over 200,000 residential customers benefit from Gexa Energy's 100% renewable energy plans.

What role does NextEra Energy play in Gexa Energy's renewable initiative?

NextEra Energy, Gexa's parent company, is the world's largest generator of renewable energy, operating more than 19,000 megawatts of wind and solar generation.

How does Gexa Energy ensure its electricity plans are powered by renewable sources?

Gexa Energy purchases and retires renewable energy certificates (RECs) to match its customers' electricity usage.

What is Gexa Energy's commitment regarding future energy plans?

Gexa Energy is committed to introducing additional plans, products, and services that promote wise energy consumption.