by Discount Power On Nov 17 2017
Houston (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. Discount Power was recognized at the Houston Fast 100 Awards Ceremony on Friday, November 10.
The HBJ Fast 100 list recognizes the fastest-growing private companies in Houston and 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.
“I credit our fantastic team and their endless pursuits in providing top-tier customer service and tailored electricity packages for this recognition,” said Neville Ravji, Chief Executive Officer of Discount Power. “Accomplishing this in a highly competitive industry proves the importance of having a great team and a unique business model,” said Ravji.
“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 reported revenues of $98.1 million in 2016 and projects revenues of about $150 million for 2017.
About Discount Power
Discount Power is a retail electric provider based in Houston, Texas. The team at Discount Power has been involved in all the business elements of the energy market since the beginning of retail deregulation in Texas and has collectively served hundreds of thousands of residential and commercial customers. The company was ranked in the top 100 of Inc. Magazine’s “Fastest Growing Private Companies in America” in 2016 and 2017 and the fastest growing retail energy provider in the country in both years. It was recognized as the Fastest Growing Private Company in Houston for 2017 by the Houston Business Journal. It won the Pinnacle Award for 2017 from the Houston Better Business Bureau. For more information, visit www.discountpowertx.com.
About Volterra Energy Holdings
Volterra Energy Holdings LLC (VEH) is the parent company to multiple retail electricity brands. In a short period of just over three years, the company’s brands have become leading brands in key market segments in Texas, including the South Asian market and other affinity markets. They serve both residential and commercial customers across the state. The brands specialize in identification of and focus on micro and macro market segments through unique marketing methods. The company serves over 200,000 residential customer equivalents in the state of Texas and has plans to launch its services in other states in 2018. For more information, visit www.volterraenergyholdings.com.