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New Texas Retail Provider, Offering "100% Of The Monthly Profit" Back To Customers, Receives REP Certificate
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The Texas PUC granted Maison Energy LLC an Option 1 Texas retail electric provider certificate
As exclusively first reported by EnergyChoiceMatters.com, Maison Energy is apparently under the umbrella of Maison Reserve & Co., which in 2021 said that it, "launche[d] the world's first cryptocurrency tethered to the supply and demand of real products, backed by R&D, manufacturing, distribution, sales, and loyalty rewards, on a transparent and fool-proof ledger — Blockchain."
Our prior story includes a description of how the profit associated with a Maison Reserve & Co. customer purchase is returned to the customer via crypto (the example is from Maison Reserve & Co.'s website and it is not clear if the exact same process will be used for retail energy)
Maison Energy LLC's website describes the retail provider as, "An electric company integrated on the blockchain, with crypto rewards and bill pay."
Maison Energy LLC's website also states, "Monthly Cash-back. Receive MAISON cash-back (our profit from your electric bill) every month, credited to your crypto wallet."
Maison Energy LLC's website also includes the following language:
"Get back 100% of the monthly profit generated from your electric bill."
"Lowest price per kWh -- Guaranteed"
"Our profit margin is displayed and given right back to you"
"Up to 50% cash-back every month"
"$150 credit for switching"
Maison Energy LLC on its website, under "Pre-signup" also touts, "Qualify for up to $2,500
in signup bonus!"
Under "Bonus details", the amount of the bonus varies with the size of the customer's residence, from a $187 bonus for 750 sqft, 1 bedroom home (~500 kWh) to a "$1,125+" bonus for a 4+ bedroom home (~3,500 kWh)
In its REP application, Maison did not seek authorization to collect customer deposits or prepayments.
Maison Energy said that it is starting in Texas and will later branch out to other states
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Company Touted As An "Electric Company Integrated On The Blockchain"
June 6, 2024
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Copyright 2024 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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