Liberty Power jumps five spots in rankings and is now recognized as the 13th largest non-residential electric supplier
Ft. Lauderdale – November 13, 2012
Liberty Power, the nation’s largest independent retail electric supplier, today announced its ranking as the 13th largest, non-residential retailer and a top 40 residential retailer based on information provided by the world-renowned industry consultant, DNV KEMA Energy & Sustainability.
Liberty Power jumped five spots from its previous 18th place ranking among non-residential electric suppliers. The gain can be attributed to Liberty Power’s strong organic growth of 25% in a six-month period.
The rankings are published by DNV KEMA in their Retailer Landscape report, a bi-annual assessment of activity and performance among competitive suppliers operating in the restructured or “deregulated” electricity markets. The latest assessment released on September 28, 2012 tracks 89 electricity suppliers. The previous rankings were published in March, 2012.
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 11.3-billion kWh under contract. According to the Retailer Landscape, Liberty Power has achieved year-over-year growth of 40% by adding 3.2 billion kWh, making it the fastest-growing retail electric supplier in the top 20 on a percentage basis.
“The entire Liberty Power team works tirelessly to provide value and excellent service to our customers,” said David Hernandez, co-founder and CEO of Liberty Power. “We are very excited by the jump in our ranking and will continue to build our business by fostering relationships with our Sales Channels and customers.”
“Growth rates of this magnitude are frequently attributed to mergers and acquisitions among competing retailers,” said Sonny Kanlier, Director of DNV KEMA’s Retail Energy Practice. “In our research, we find that independent retailers rarely enjoy this level of organic growth in a single year,” he added.
Liberty Power has also demonstrated high-levels of growth in its residential business. The company launched in depth residential efforts earlier this year and it already ranks among the top 40 residential retail electric suppliers. Liberty Power serves households in seven states: Connecticut, Illinois, Maryland, New Jersey, New York, Pennsylvania and Texas.