Just Energy (JE) provides electricity and natural gas services to business customers operating in markets of all scales. Just Energy works with small and mid-sized businesses in Alberta under the Just Energy name, while providing services to large commercial organizations in Alberta as Hudson Energy.
Just Energy offers a range of customized services and contract offerings including:
Fixed Power: For the length of the contract, electricity rates are fixed at a stable, predetermined price, minimizing changes in energy cost and allowing for easy long-term budgeting. Negotiated power rates include commodity power costs as well as retail-related costs.
Indexed Power: JE’s indexed power contract features a “fixed adder,” which locks in all retail costs for the duration of the contract. That adder is appended to the floating “spot” market price of electricity each month during the contract term.
Just Energy History
Just Energy (TSX & NYSE: JE), headquartered in Mississauga, Ontario, and Houston, Texas, is an energy retailer that currently has annual sales of $3 billion as of 2012. Founded in 1997, Just Energy is notable among energy retailers for having been founded by a woman, Rebecca MacDonald, who is currently the executive chair.
It began selling natural gas as Energy Savings Group in Ontario in 1997, generating sales of $81 million in just three years, but saw its success explode beginning in 2001 due to rising gas prices. By 2003, revenue exceeded $3 billion — by that time, the company was known as Energy Savings Income Fund (ESIF).
ESIF’s first began marketing electricity in Ontario in 2002, but by 2005 it had begun selling electricity and natural gas to residents and businesses in the province of Alberta, as well as throughout much of Canada and the US. In 2009, ESIF consolidated itself and its many companies — including U.S. Energy Savings, Ontario Energy Savings and Alberta Energy Savings — all under the umbrella of the Just Energy Income Fund for all of its Canadian and American markets, establishing the Just Energy brand. It incorporated as Just Energy Group in 2011.
Just Energy markets retail energy throughout Canada and the United States under its own name, as well as through affiliates including Hudson Energy, Amigo Energy and Commerce Energy. In 2012, it entered the European energy market as Hudson Energy UK.