Readers could have seen your ad here when reading this story. Email
       Events        Jobs        Contact        Migration Stats        Supplier Lists        Municipal Aggregation

Discount Power (TX) Named #1 On HBJ List Of Fastest-Growing Private Companies, Reports Revenue

November 14,2017

Discount Power (Texas), a Houston-based retail electricity provider, today announced that the company ranks No. 1 in Houston Business Journal’s (HBJ) 2017 Fast 100 list of fastest-growing private companies in Houston.

The HBJ Fast 100 list is based on revenue growth between fiscal year 2014 and fiscal year 2016. Discount Power secured the No. 1 spot, with revenue growth of 881 percent. Growth percentages of the other 99 companies recognized ranged from 2.03 percent to 320.1 percent.

Discount Power reported revenues of $98.1 million in 2016 and projects revenues of about $150 million for 2017.

“Customers are different, and have different electricity needs,” said Mohsin Hassan, Chief Operating Officer of Discount Power. “It is our unique market segmentation-based business model that has enabled us to grow exponentially and succeed in a highly competitive market. It is even more gratifying that this high growth is coming in an environment where most of the other entities in this market are having trouble just maintaining their existing customer base,” said Hassan.

Discount Power plans to continue to expand offerings throughout Texas and outside of the state in 2018. The company announced in late October that its residential customer equivalent (RCE) count crossed 200,000; the company expects to reach the 100,000-customer mark by the end of this month.

Discount Power   Texas  

Comment on this story

NEW Jobs on
Executive Director -- Retail Supplier
Director/Manager Channel Sales -- Retail Supplier -- Houston
Director of Billing Operations
Analyst, Supply/Settlements -- Retail Supplier -- Houston
Manager of Supply -- Retail Provider -- Dallas

More Stories on
Suit Filed Against TXU Alleging Failure To Delete Info From Credit Reporting After Statutory Limit
Lubbock Power & Light, PUC Staff, Others Reach Agreement On ERCOT Costs Related To LP&L Integration
CPS Energy Objects To ERCOT 4CP Report, Seeks Changes
TCEQ Exercises Enforcement Discretion On Texas Generation Air Permits During Weather Event
ERCOT Sets New Winter Peak Demand Record

comments powered by Disqus

Advertise here:

Events Jobs Contact Migration Stats Supplier Lists Municipal Aggregation

About Disclaimer Privacy Terms of Service


Developed by: Avidweb Technologies inc.