Planet Energy is an independently owned competitive retailer of electricity and natural gas services in Ontario, British Columbia, and Manitoba. In operation for more than 10 years, Planet Energy provides energy services to both residential and business consumers.
Current Electricity and Natural Gas Plans
As of 2016, Planet Energy’s current energy plans include:
Stability Plan: Available as both an electricity and natural gas plan, the Stability Plan features a fixed rate per unit of energy used. For the electricity option, customers do not pay Time-Of-Use prices, allowing them to use electricity at any time without paying a premium during periods of high demand.
Market Tracker Plan: The Market Tracker Plan is designed for consumers who wish to take advantage of the ups and downs of the energy market. With both electricity and natural gas options, the Market Tracker Plan features a variable rate based on current market prices. Electricity consumers do not pay Time-Of-Use prices, allowing them to use as much electricity as they want, when they want, without fear of premium pricing.
Peak Protection Plan: This electricity-only plan features two tiers of pricing, with users paying a higher on-peak price from 7 AM to 11 PM, Monday through Friday, and a lower off-peak price from 11 PM to 7 AM, Monday through Friday, and all day Saturday and Sunday.
reliaBILL Plan: The reliaBill Plan is a natural gas-only plan designed for customers who have predictable gas consumption needs, month to month. The realiaBILL Plan charges a flat monthly rate, allowing customers to know exactly what to expect when they open their gas bill each month.
History of Planet Energy
Headquartered in Toronto, Planet Energy was founded in 2006 as a privately owned reseller of electricity and natural gas, obtaining its resources through wholesale producers. Planet Energy is owned by ACN, LLC, an MLM company based in North Carolina, with operations in 24 countries.
Planet Energy is one of many subsidiaries, which offer services including landline phone service, Internet, satellite TV, cell phone and VOIP service, home security services, and more. The structure of ACN’s operations make it difficult to list all of their current subsidiary companies.
Purchases and Investments
Since its founding in 1993, ACN (formerly American Communications Network) has experienced rapid growth. Its first international operations were founded in Europe in 1999, followed by Australia in 2006, and Asia in 2011.