09.11.2007 23:38:00
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Commerce Energy CEO Steven Boss Lauds Open Letter on Energy Competition
Chief Executive Officer Steven S. Boss today said Commerce Energy Group,
Inc. (Amex: EGR) is standing behind 35 former state commissioners from
various states who have signed an open letter to policymakers supporting
the value energy competition brings to consumers.
Yesterday, it was reported in industry periodicals that the letter,
addressed to state utility regulators and other policymakers, is also
being sent to members of the Federal Energy Regulatory Commission (FERC)
and related federal employees. Higher fuel prices and tighter
environmental standards have pushed energy prices up, and the former
commissioners said consumers need all the tools they can get to control
costs.
Boss said, "The letter offers strong support
for the same advocacy positions taken by Commerce Energy.”
The former commissioners emphasized that educated and empowered
consumers will make decisions in their own best interest and force the
market to respond. They have taken this stand because they believe
competition is the best and most effective market model.
Boss said, "Consumers are demanding the chance
to control their energy costs, as well as the opportunity to support
innovative tools that will help them save energy, benefiting both the
environment and their pocketbooks. We believe competitive markets will
drive these benefits, creating vibrant retail markets such as Texas has
established. We encourage policymakers to remain committed to that
ultimate goal.
"Competition is needed to drive healthy energy
markets,” said Boss. "Historically,
a utility has no real economic incentive to ensure that innovative
options work. As a monopoly, it already has 100% of the market, and
customers are forced to accept one of the options offered, even if it’s
not exactly what they want,” said Boss. "Companies
such as Commerce Energy are driven to be innovative to stay in business.
And this benefits consumers by giving them more choices.
"We applaud the former state commissioners
for their strong stand and for pointing out the benefits that
competition and choice will bring to consumers,”
said Boss.
About Commerce Energy Group, Inc.
Commerce Energy Group, Inc. is a leading independent U.S. electricity
and natural gas marketing company, operating through its wholly-owned
subsidiaries, Commerce Energy, Inc. and Skipping Stone Inc. Commerce is
publicly traded on the American Stock Exchange (Amex) under the symbol:
EGR. Commerce Energy, Inc. is licensed by the Federal Energy Regulatory
Commission and by state regulatory agencies as an unregulated retail
marketer of natural gas and electricity to homeowners, commercial and
industrial consumers and institutional customers.
Headquartered in Orange County, California, the company also has an
office in Dallas, Texas, as well as several area offices located around
the U.S. For a decade, customers have relied on Commerce to deliver
competitive pricing, innovative product offerings and personalized
customer care in addition to quality gas and electric services. For more
information, visit www.CommerceEnergy.com.
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