What is Xoom Energy? Xoom Energy is an independent limited liability company (LLC) based in North Carolina in the United States. The company provides retail renewable or natural gas and electricity to residential and business customers. The company has fully-owned subsidiaries providing over 90 utilities in 19 states namely, California, Connecticut, Delaware, Washington D. C., Georgia, Illinois, Indiana, Kentucky, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Texas, and Virginia. It also provides six utilities services in Alberta, Canada. https://www.socialleadfreak.com/xoom-energy-review/ The company commenced operations in 2011 in Charlotte but moved to Huntersville in North Carolina in 2013. They are the largest energy retailer in the United States and was ranked on Inc. 5000 in 2015 and 2016. In that same year, they partnered with Renewable Power Direct in their effort to provide delivery options for renewable power in Mid-Atlantic markets as well as in Texas, New York and New England. In 2016, the company expanded its frontiers to Asia by forming XOOM Energy Japan, GK, in Minatoku Hamamatsucho, and has since continued to supply electricity services to residentials and businesses in Tokyo Electric Power Company (TEPCO) market.
Deregulation of the Energy Sector in the US Deregulation, in the energy sector, is the situation whereby the various components involved in the energy sector (from generation to consumption) are handled or provided by different entities. In the United States, residents and businesses living in a deregulated energy market can choose their energy provider. There are four key components involved in the energy sectors in the US. These are: 1. Power generating companies – These are those companies that generate the electricity or process the natural gas. 2. Retail Providers – They purchase the electricity or gas from the generating companies for onward delivery to local utility deliverers. Xoom Energy is such a retail provider. 3. Local Utility Deliverers – These exist in each local areas and contract retail providers for their quota of electricity or gas. They in turn supply them to end-consumers or users. 4. Local End Consumers – These are the final consumers of the electricity or gas. They may be residential customers or businesses.