During the corresponding time, Zenergy Brands, Inc. recorded a revenue increase by 195.52 % year on year, sequentially revenue grew by 304.43 %. While revenue at the Zenergy Brands, Inc.'s corporate clients
Zenergy Brands's Comment on Sales, Marketing and Customers
The retail electricity market can be categorized into two main customer segments:
(i) residential and small business, and (ii) large commercial and industrial.
Energy Retailers operate in the retail electricity market by providing a variety
of renewable, fixed and variable rate electricity contracts to customers for varying
periods of time. In general, large commercial and industrial customers are serviced
by fixed price contracts for up to five years. By contrast, residential and small-to-medium
size commercial customers are typically serviced by short-term month-to-month
variable price contracts or fixed term, fixed price contracts for up to one or
two years. Some Energy Retailers focus only on one customer segment (e.g. residential),
while others focus on the full spectrum of customers.
In many cases (dependent by state), Energy Retailers may use the LDC to invoice
and collect from customers for energy supply and other costs. Under arrangements
entered into between the Energy Retailers and the LDCs, LDCs remain responsible
for the delivery of the electricity from the ISO or RTO to the customer’s
residence or place of business. This ensures reliability to the markets.
Sources:
Zenergy Brands, Inc.’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Zenergy Brands, Inc.’s corporate clients.
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