MXenergy Tells Public Service Commission They Are “Wasting Time”

Stamford, CT, September 20, 2005 – MXenergy CEO Jeffrey Mayer told members of the Maryland Public Service Commission yesterday that they've missed the point when it comes to helping homeowners and small businesses cope with out-of-control natural gas bills this coming winter. In fact, he told the panel that they were "wasting their time" discussing what the winter outlook might be. "The energy crisis is here," said Mr. Mayer. "It's time to put some policies in place that will help consumers deal with what's already happening," he added, referring to dramatic price shocks in natural gas that are impacting nearly every home and business.

Mr. Mayer appeared before the Commission to urge them to take immediate steps to remove utility operating barriers that prevent competitive suppliers like MXenergy from being more active in the State. He encouraged the Commission to look to other Northeast and mid-west states for ways to open up the markets. "Millions of customers in other states have been able to protect themselves from higher prices, but Maryland consumers have been deprived of this opportunity because of an archaic wall of regulation." he said. "It's time to tear down the wall," he said.

MXenergy is an authorized supplier of natural gas and electricity to over 300,000 residential and small commercial customers in 11 states and the province of Ontario. MXenergy provides residential and small commercial customers the opportunity to lock-in energy prices, a service previously only available to large industrial and commercial businesses. Additional information regarding the company and its current offers can be obtained by calling 1-800-785-4373, or by visiting MXenergy on the web.