Contact: Pamela Fink
203.356.1318 x 7454
pfink@mxenergy.com
 

MXenergy Joins Chicago Climate Exchange

STAMFORD, Conn., –April 16, 2008 –MXenergy, one of the nation’s largest energy suppliers to homeowners and businesses, has joined the Chicago Climate Exchange.

“Our customers use energy to heat and light their homes and businesses,” said Jeffrey Mayer, President and CEO of MXenergy.  “They are very aware of the impact that energy consumption has on the environment, and we want to help them make a difference.”

According to MXenergy, the average homeowner accounts for 19 metric tons of carbon dioxide emissions into the atmosphere each year.  The company  already offers its customers a way to reduce CO2 emissions through its Earth Friendly Partnership, a program that enables homeowners and businesses to fund the planting of trees to naturally absorb harmful CO2 emissions and which helps reduce effects of global warming. 

According to company estimates, if all MXenergy customers went "carbon neutral," the environmental impact would be equivalent to removing 700,000 cars from the roads each year.

• In joining the CCX, the world’s first and largest marketplace for the trading of carbon dioxide and other emissions credits, MXenergy has made a legally binding commitment to offset 100 percent of its annual indirect emissions from 2008 to 2010.

CCX offsets are purchased at daily market price with price transparency and are available only through the exchange. Companies with CCX associate membership can realize cost savings as they explore ways to operate more efficiently and to reduce energy waste.

About MXenergy
MXenergy is one of the fastest growing retail natural gas and electricity suppliers in North America, serving approximately 500,000 customers in 39 utility territories in the United States and Canada. Founded in 1999 to provide natural gas and electricity to consumers in deregulated energy markets, MXenergy helps residential customers and small business owners control their energy bills by providing both fixed and variable rate plans. For more information, contact MXenergy customer care at 800.785.4373 or online at www.mxenergy.com.

About CCX
CCX is a financial institution whose objectives are to apply financial innovation and incentives to advance social, environmental and economic goals. CCX, which began trading in 2003, is the world’s first and North America’s only legally binding rules-based greenhouse gas emissions allowance trading system, as well as the world’s only global system for emissions trading based on all six greenhouse gases. CCX members are leaders in greenhouse gas management and mitigation, including offset providers and offset aggregators, and located throughout the United States.  CCX members derive from all sectors of the global economy, including the public sector, and emissions reductions being achieved through CCX by major utilities, corporations, cities, states and counties, are the only reductions in North America being achieved through a legally binding compliance regime, subject to independent third party verification provided by FINRA and price transparency.  The founder, Chairman and CEO of CCX is economist and financial innovator Dr. Richard L. Sandor, who was named a Hero of the Planet by Time magazine in 2005 for his founding of CCX, and in 2007 as the “father of carbon trading.”  For a full history of CCX, full roster of CCX members, daily prices and other Exchange information, see www.chicagoclimateexchange.com.

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