SOURCE: Bounce Energy

Bounce Energy

February 14, 2011 10:00 ET

Abacus Energy Defaults; Bounce Energy Providing Exclusive Offer to Those Customers

HOUSTON, TX--(Marketwire - February 14, 2011) - Texas' ice storm has caused a snowball effect in the electricity market. Due to last week's freezing temperatures, Dallas-based Texas energy company Abacus Resources Energy defaulted on financial obligations, selling its customers to an electricity provider the customer did not choose. Texas electricity company Bounce Energy is offering a special promotion for all former Abacus Energy customers who are looking for a reliable Texas electricity provider.

Last week's winter storm throughout the state of Texas caused a sudden increase in energy prices due to many power plants shutting down. Because of the price increase, Abacus Energy did not meet financial obligations to the Electric Reliability Council of Texas (ERCOT), Texas' grid operator. The customers that Abacus Energy provided energy to will be switched to different electricity providers operating in Texas' deregulated energy market.

Although ERCOT will be switching Abacus Energy customers to a different Texas electricity company, Bounce Energy reminds customers that they have the power to choose which company will provide their home's energy needs. Bounce Energy will be providing former Abacus Energy customers a free expedited switch when they choose Bounce Energy to power their homes. Customers will receive the fastest possible switch at no additional charge. Former Abacus Energy customers can also take advantage of Bounce Energy's low rate from a variety of Bounce Energy electricity plans. To thank customers for choosing Bounce Energy, they will receive a $25 bill credit on their first electricity bill, as well as automatic enrollment into the Bounce Energy Rewards Program where customers can earn rewards such as companion airfare tickets, movie tickets, more bill credits, a free month of electricity, and more.

Bounce Energy focuses on providing more than just electricity to its customers in Texas' deregulated areas. From Bounce Energy's unique and innovative electricity plans, customers can choose a fixed rate, month-to-month, and green energy plan that will fit any lifestyle and match any budget with competitive rate pricing. Every Bounce Energy customer will automatically be entered into the Bounce Energy Rewards Program where they will be given exclusive rewards for on-time bill payments. Bounce Energy also provides customers with easy options for signing up and paying their bill. Customers can order online through an easy process or speak with a Bounce Energy representative to set up their electricity service. Bounce Energy customers have a number of different ways to pay their bills, including auto-pay and paperless billing. Bounce Energy is Texas' fastest growing electricity company. Former Abacus Energy customers who would like to choose Bounce Energy electricity service, can do so by ordering online.

About Bounce Energy
Bounce Energy is a privately-owned and full-service retailer of electricity in Texas, offering affordable, comprehensive and innovative plans to help customers easily manage their electricity service. As one of the fastest growing Texas electric companies, Bounce Energy differentiates by providing "more than electricity" -- with a superior rewards program, additional consumer-centric offers, a surplus of customer service touch points and more.