Direct Energy

Direct Energy is a retail provider of electricity, natural gas, and home and business energy-related services. Its solutions include advanced energy monitoring and analytics, demand response, energy auditing, onsite generation, renewables and energy efficiency projects for commercial customers.

Employee Rating

3.5More
TypeSubsidiary
Parent CompanyCentrica
HQHouston, TX, US
Founded2000
Websitedirectenergy.com
Cybersecurity ratingBMore
Direct Energy was founded in 2000 and is headquartered in Houston, TX, US

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Key People/Management at Direct Energy

Jim Steffes

Jim Steffes

EVP, Corporate Affairs
Thomas Smith

Thomas Smith

EVP, General Counsel
Bruce Stewart

Bruce Stewart

President, North America Home
John Schultz

John Schultz

President, Centrica North America and Direct Energy Business
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Direct Energy Office Locations

Direct Energy has offices in Houston, Columbia, Pittsburgh, Terrace Park and in 1 other location
Houston, TX, US (HQ)
12 Greenway Plaza
Columbia, MD, US
7101 Riverwood Dr
Pittsburgh, PA, US
Federated Tower, 1001 Liberty Ave 12th Floor
Terrace Park, OH, US
104 Marian Ln
Westerville, OH, US
PMB #51 7385 North State Route 3
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Direct Energy Financials and Metrics

Summary Metrics

Founding Date

2000
Direct Energy is a subsidiary of Centrica

Direct Energy Revenue

Direct Energy's revenue was reported to be $14 b in Y, 2017
USDY, 2012Y, 2013Y, 2014Y, 2015Y, 2016Y, 2017

Revenue

9.0b11.4b19.5b16.2b14.0b14.0b

Revenue growth, %

27%71%(17%)(14%)

EBIT

492.0m436.0m241.0m500.0m415.0m243.0m

EBIT margin, %

5%4%1%3%3%2%
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Direct Energy Operating Metrics

Y, 2015Y, 2016Y, 2017Jan, 2020

Brands

7

Customers (North America)

5 m4 m4 m

Customers (Residential)

3.77 b3.44 m

Enterprise Customers

240 m240 k240 k
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Direct Energy Acquisitions / Subsidiaries

Company NameDateDeal Size
Panoramic PowerNovember 13, 2015$60 m
Direct Energy SolarNovember 12, 2015
Energetix DEJuly 12, 2012
NYSEG SolutionsJuly 12, 2012
First Choice PowerSeptember 23, 2011$270 m
Gateway Energy ServicesMarch 21, 2011$90 m
Clockwork Home ServicesJune 10, 2010$183 m
Airco MechanicalJuly 23, 2008
Residential Services GroupSeptember 28, 2004

Direct Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Direct Energy Online and Social Media Presence

Embed Graph

Direct Energy Company Culture

  • Overall Culture

    D-

    51/100

  • CEO Rating

    F

    38/100

  • Compensation

    D+

    56/100

Learn more on Comparably

Direct Energy News and Updates

NRG Energy's stock falls after deal buy Centrica sub Direct Energy for $3.6 billion in cash

Shares of NRG Energy Inc. shed 3.7% in premarket trading Friday, after the electricity and natural gas company said it will pay $3.625 billion in cash to buy U.K.-based Centrica PLC's North American subsidiary, Direct Energy. NRG said the deal, which is expected to close by the end of 2020, is ex…

NRG Cements Push Into Retail Market With Direct Energy Purchase

Centrica to Sell U.S. Business to NRG Energy for $3.6 Billion

OZSC: Power Conversion Technologies, Inc. Enters Bid to Supply Components Related To Medium Tactical Direct Energy Weapon

WEST PALM BEACH, FL, March 03, 2020 (GLOBE NEWSWIRE) -- Ozop Surgical Corp. (OTCQB: OZSCD), (“Ozop” or the “Company”), today announces that Power Conversion Technologies, Inc. (“PCTI”), has submitted a bid for the power electronics equipment for the manufacture of a medium tactical directed energy…

Direct Energy Offers Texans Twelve Hours of Free Power and a Hive View Smart Indoor Camera

HOUSTON, July 2, 2019 /PRNewswire/ -- Today Direct Energy announces a new 24-month fixed-price electricity plan that includes 12 hours of free power from 9 pm to 9 am and a Hive View smart indoor camera. With this plan, which extends upon Direct Energy's Twelve Hour suite of offerings, no ...

Direct Energy Announces Connect to Detect 24 Plan in Texas

HOUSTON, March 26, 2019 /PRNewswire/ -- Direct Energy®, one of the largest energy and energy-related services providers in North America, teamed up with its sister company Centrica Hive to offer the "Connect to Detect 24 Plan", which includes the Hive View indoor camera and a 24-month...

Direct Energy Partners with Shell and the Fuel Rewards® Program to Offer Savings at the Pump

HOUSTON, March 4, 2019 /PRNewswire/ -- Direct Energy® has partnered with the Fuel Rewards® program, a national loyalty program that connects with millions of consumers who enjoy earning cents-per-gallon savings at the pump, to offer existing, and new Fuel Rewards members additional...
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Direct Energy Blogs

Save Money by Air Sealing Your House

If you are looking to cut down on your energy bills, air sealing your house is an excellent place to start. The furnace and air conditioner account for 43 percent … READ MORE Save Money by Air Sealing Your House The post Save Money by Air Sealing Your House appeared first on Direct Energy.

AC vs. DC Power and the War of the Currents

Many of us don’t really understand how electricity works. It’s enough that it does work – you turn the switch, and the light comes on in the room. It may … READ MORE AC vs. DC Power and the War of the Currents The post AC vs. DC Power and the War of the Currents appeared first on Direct Energy.

What Was “The Current War”?

The history of electricity is a long one, going back to about 600 B.C., when the Greek mathematician Thales of Miletus discovered static electricity by rubbing a piece of amber … READ MORE What Was “The Current War”? The post What Was “The Current War”? appeared first on Direct Energy.

Major Innovations in the History of Electricity

We tend not to think much of it when we flip a switch and the lights come on, but just 150 years ago, such an event was seen as a … READ MORE Major Innovations in the History of Electricity The post Major Innovations in the History of Electricity appeared first on Direct Energy.

Fixed vs Wholesale Electricity Plans

Texans are spoiled for options when it comes to paying for electricity. Not only do you get to choose your own electricity provider in the Lone Star State, most providers … READ MORE Fixed vs Wholesale Electricity Plans The post Fixed vs Wholesale Electricity Plans appeared first on Direct Energy.

Relieve the Power Grid and Your Wallet with These Energy-Saving Tips

High summer temperatures mean high electricity demand, and the Texas power grid is really feeling the burn. We’re here to help you relieve pressure on the power grid and save … READ MORE Relieve the Power Grid and Your Wallet with These Energy-Saving Tips The post Relieve the Power Grid and Your Wal…
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Direct Energy Frequently Asked Questions

  • When was Direct Energy founded?

    Direct Energy was founded in 2000.

  • Who are Direct Energy key executives?

    Direct Energy's key executives are Jim Steffes, Thomas Smith and Bruce Stewart.

  • How many employees does Direct Energy have?

    Direct Energy has 4,000 employees.

  • What is Direct Energy revenue?

    Latest Direct Energy annual revenue is $14 b.

  • What is Direct Energy revenue per employee?

    Latest Direct Energy revenue per employee is $3.5 m.

  • Who are Direct Energy competitors?

    Competitors of Direct Energy include Eskom, Hydro Quebec and ComEd.

  • Where is Direct Energy headquarters?

    Direct Energy headquarters is located at 12 Greenway Plaza, Houston.

  • Where are Direct Energy offices?

    Direct Energy has offices in Houston, Columbia, Pittsburgh, Terrace Park and in 1 other location.

  • How many offices does Direct Energy have?

    Direct Energy has 5 offices.