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Direct Energy history
Direct Energy company history timeline
In 1990, Texas utilities generated 97.27 Megawatts (MW) with natural gas.
In 1997 alone, 41 natural gas pipeline projects were placed in service.
The EIA's Natural Gas 1998: Issues and Trends cited slumping petroleum prices and foreign competition that left a record 1.2 tcf in storage.
Foreign energy demand and cheap foreign natural gas production, as well as overseas crisis and wars, added to natural gas price instability throughout the period after 2000.
Prices in 2001 doubled within one month partly because nearly one-third of utilities had chosen not to hedge against market spikes and began buying on the daily spot markets.
When natural gas peaked at $13.69 mmBtu in July 2008, some electricity consumers were paying over 20¢/kWh — resulting in outrageous monthly electric bills.
By September 2009, natural gas cratered at $2.409 mmBtu.
The record warm winter in 2011 would push the price below $2.
As of March 2019, shale gas wells in the US production stood at 100.4 billion cubic feet/day from only 1006 rigs.
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Direct Energy competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| IGS Energy | 1989 | $250.0M | 350 | 38 |
| IDT Energy | 2004 | $12.0M | 75 | - |
| Vivint Solar | 2011 | $341.0M | 4,000 | - |
| Trinity Solar | 1994 | $91.0M | 1,600 | - |
| U.S. Gas & Electric | 2002 | $125.9M | 300 | - |
| Liberty Power | 2001 | $24.5M | 50 | - |
| Superior Plus Energy | 1922 | $17.0M | 50 | 191 |
| Nrg Home Solar | - | $13.0M | 750 | - |
| Santanna Energy Services | 1988 | $7.4M | 125 | - |
| North American Power | 2010 | $250.0M | 70 | 2 |
Direct Energy history FAQs
Zippia gives an in-depth look into the details of Direct Energy, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Direct Energy. The employee data is based on information from people who have self-reported their past or current employments at Direct Energy. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Direct Energy. The data presented on this page does not represent the view of Direct Energy and its employees or that of Zippia.
Direct Energy may also be known as or be related to Direct Energy, Direct Energy Business, Direct Energy Business LLC, Direct Energy Business Services and Direct Energy LP.