Report: Texas Retail Electric Providers See "Significant" Decline In Net Promoter Score
January 23,2020
Escalent, in its Cogent Syndicated Texas REP Trusted Brand study, said that the Texas retail electric provider (REP) average net promoter score (NPS) is down to 15, which Escalent called a "significant" decline from 18 in 2018
NPS is derived from subtracting the percentage of customers who are brand 'detractors' from those who are 'promoters.' The more positive the outcome, the more likely it is that customers will promote their REP to others and advocate for the brand.
The study, which surveys over 5,300 residential customers annually, finds that the decline in NPS is due to a higher number of brand 'detractors' than in 2018.
"A 104-point gap between the highest- and lowest-scoring REPs indicates that some retail brands are failing to create strong and lasting connections with their customers. However, the staggering gap also indicates that the 10 top-scoring REPs are very well positioned to grow their customer bases thanks to strong brand preference," Escalent said
"Customers are recommending a few elite Texas REP brands based upon their NPS. That advocacy can translate to better franchise values and increased market share," said Chris Oberle, senior vice president at Escalent. "The large NPS performance gap indicates the market is ripe for a shakeout, where the top 10 brands have an opportunity to grab the lion’s share of customers."
Escalent said that the top 10 Texas REPs that customers recommend others should use are:
Top Scoring on Net Promoter Score
4Change Energy
Champion Energy Services
Acacia Energy
Just Energy
Alliance Power
NEC Retail
American Light & Power
WTU Retail
Beyond Power
Xoom Energy
The following is a ranking of Texas retail electric providers on year-end 2019 net promoter scores.
REP NPS
NEC Retail 65
Beyond Power 46
Alliance Power 42
American Light & Power 40
Xoom Energy 39
Acacia Energy 34
4Change Energy 34
Champion Energy Services 31
Just Energy 30
WTU Retail 30
Cirro Energy 27
Stream Energy 25
Green Mountain Energy 25
Discount Power 23
Ameripower 22
TriEagle Energy 21
Direct Energy 20
Amigo Energy 19
Infinite Energy 17
CPL Retail Energy 14
Ambit Energy 14
Bounce Energy 13
TXU Energy 12
First Choice Power 11
Spark Energy 11
Reliant Energy 7
Frontier 3
Pennywise 0
Payless Power -2
Constellation -5
Gexa Energy -6
Accent Energy -13
Entrust Energy -16
Brilliant Energy -39