Ft. Lauderdale – May 24, 2012
Liberty Power, one of the nation’s fastest-growing independent energy retailers, today announced the company’s rank as the nation’s largest, completely independent retail electric provider based on information provided by world-renowned industry consultant, DNV KEMA Energy & Sustainability.
DNV KEMA’s Retail Landscape is a bi-annual assessment of activity and performance among competitive retailers operating in the restructured or “deregulated” electricity markets. The latest assessment was released on March 31, 2012 and tracks 96 retailers. The assessment, which utilizes February 2012 data, ranks Liberty Power the 18th largest non-residential supplier of electricity supply overall and the only completely independent retailer amongst the Top 20 competitors. All retailers currently ranked above Liberty Power are publicly-traded, have publicly-traded parent companies, or are backed by large investment firms. Liberty Power remains operated and majority-owned by its original founders, David Hernandez, CEO and Alberto Daire, President and COO.
“Given the large capital requirements for growth in non-residential power markets, we find that most of the top retailers that supply electricity to the commercial and industrial customer segments are utility affiliates or are subsidiaries of public companies,” said Young Kim, associate director of DNV KEMA’s Retail Energy Practice. “In our research, we find that independent retailers are more common in the mass market segment,” he added.
The rankings are based on estimated, annualized, non-residential kilowatt-hours (kWh) under contract. At the time the survey was conducted, Liberty Power reported over 9-billion kilowatt hours under contract. According to the Retail Landscape, Liberty Power unit sales have nearly quadrupled over the last three years. The company is also only one of five retail electric providers in the Top 20 to demonstrate double-digit percentage growth since the previous reporting period, adding one-billion kilowatt-hours over the last 6 months.
“We are truly humbled to be recognized as the largest, completely independent retail electric provider. Liberty Power has come a long way over the last decade and our success is directly tied to our loyal customers, as well as the relentless focus of our sales channels and employees on delivering value to those customers,” stated David Hernandez, co-founder & CEO.