As gasoline, natural gas and other energy prices continue to reach new records, Texas businesses are increasingly shopping around for a better deal from their electricity provider . But doing all the research and calling every energy supplier for a quote can be a confusing and time-consuming process — time business owners need to spend running their businesses and helping their customers.

Fortunately, someone has made getting energy price quotes from eight leading and reputable electricity suppliers a simple process that takes just a few seconds with one click of the mouse.

SaveOnEnergy.com’s one-of-a-kind Commercial Retail Exchange Portal for the Texas electricity market puts business owners in the driver’s seat, and gives them direct competitive bids from eight vetted energy suppliers .

SaveOnEnergy.com has done all the legwork in checking out the energy suppliers , ensuring that they have high levels of customer service and satisfaction, and innovative products that can save business owners money.

All that business owners have to do is enter their typical monthly electric bill payment into SaveOnEnergy.com’s portal, plus their address and contact information, and eight energy suppliers can instantly compete head to head for the customer’s business. The electric providers contact the customer directly with their best offer, meaning there’s no intermediary adding time to the shopping process.

And the eight electric providers — Ambridge Energy, Cirro Energy, Direct Energy, LPT (Liberty Power), Reliant Energy, Spark Energy, Suez Energy Resources NA and TXU Energy – rapidly respond to the customer’s information, sometimes giving a quote instantly. They pursue contacts from SaveOnEnergy.com more aggressively than those from other sales channels, and accordingly do everything they can to give business owners their lowest possible offer to win the account from their seven competitors. That’s a winning proposition for business owners.

The electricity providers can also customize pricing to be unique to the business owner’s needs, but still respond within 2-3 days, so business owners can make a quick, but informed, decision and reap savings as soon as possible.

SaveOnEnergy.com’s commercial electric portal includes an area for business owners to request unique products or special attributes, such as the desire for carbon-free renewable power, or a product lasting a specific length of time. Business owners often include their typical monthly usage (in kilowatt-hours) and their so-called “ESI ID” (a special identification number) to facilitate greater customization of price quotes.

Business owners can also choose to let specific electricity providers, or all of them, access their past electric usage to allow for greater product customization and lower price offers, by completing a “Letter of Authorization.”

The end result is that business owners are able to get price quotes easier and faster, from reputable electric suppliers who will be in the marketplace for a long time and have a history of satisfied customers. That makes shopping for electricity more comfortable and less stressful, and providers business owners a real solution to rising energy bills.

As energy prices continue this year’s trend of going up, up and up, Texas residents who haven’t locked-in their electricity price yet may want to do so before rates start rising appreciably, and a website like SaveOnEnergy.com makes things clear and simple for new electric shoppers comparing offers for the first time.

Last summer, electric customers were wise to shop for short-term deals because natural gas was hovering in the $6/mmbtu range. But by the start of 2008, the price of natural gas had crept up to around $8, and now it’s trading near $10. It’s part of a rising tide of energy prices that saw the average statewide Texas gasoline price hit yet another record to end the week, with one gallon of regular unleaded hitting $3.214.

Texas power prices are closely correlated to natural gas prices, because 70% of the electricity used to power the state’s main grid comes from power plants burning natural gas. That means when natural gas costs more, the electricity produced from it tends to cost more as well.

Energy suppliers that sell power to residential customers at the retail level try to hold back any increase for as long as possible, because they’re afraid someone else will come and undercut them, stealing their customers.

That gives customers a chance to buy before higher gas prices force electricity suppliers to raise their rates, and right now is one of those times.

Competition has thus far mitigated any serious rise in Texas electric rates as natural gas prices have jumped, but suppliers may not be able to hold the line much longer.

It’s especially important to shop around on a site like SaveOnEnergy.com if you’ve never switched from your “incumbent” provider, or the electric company you’ve always bought power from. You could be paying much more for power than you need to, without a guarantee your price won’t go up soon because of higher natural gas prices.

For example, if you live in Houston and have always bought from Reliant Energy, you may still be paying over 15¢ for electricity, or more, without the guarantee that your prices won’t go up in the next 12 to 24 months.

SaveOnEnergy.com provides customers a simple way to check electricity prices and see whether locking-in a fixed rate is a good idea for them right now, and brings the best and most innovative products right to customers’ computer screens. Right now, energy suppliers competing on the website are offering products with special features and bonuses, such as airline miles, gift cards and bill credit coupons, plus additional convenience services, such as online or credit card billing. All you have to do is take a look at the comparisons and decide which supplier is right for you.

For example, despite rising gas prices, customers in the Houston area can still choose from among four fixed-priced plans under or at 15¢/kWh on SaveOnEnergy.com, from providers that have been vetted and scrutinized by the website. Not only would you save money on these plans compared to the old Reliant price, but you’d also be guaranteed that your prices wouldn’t go up over a fixed period of time, either 12 months or 24 months — no matter how high gas prices climb.

TXU Energy is offering the lowest fixed-price plan on SaveOnEnergy.com in the Houston area, at 14.2¢/kWh locked-in for 12 months. New customers also get a $50 Bill Credit Coupon for switching to TXU.

Gexa’s Guaranteed Plan may be one of the most popular products because of its additional bonus — frequent flyer miles on American Airlines or Continental Airlines. Customers earn either 2,000 American Advantage or Continental One Pass frequent flyer miles just for choosing Gexa, which is offering a fixed-price of 14.7¢/kWh for 12 months. Customers on the plan also earn 1 mile for every $1 spent on electricity every month and can pay via American Express, MasterCard, and Visa for convenience.

In the Houston area, Cirro Energy is offering its Smart Pass 12 product at 14.4¢/kWh for one year. In addition to the low, fixed price, Cirro offers online billing, payment by credit card, or by bank draft or telephone. No deposit is required for qualified customers, making switching a hassle-free process.

Customers wanting price protection for a longer period can sign up for Commerce Energy’s Sure Choice Plus All-In Rate of 15.0¢/kWh, which gives customers the peace of mind of a fixed price for 24 months.

Each of those products is available in the Dallas-Fort Worth area too, for customers of Oncor Electric Delivery, at slightly different prices.

For the DFW area, Cirro Energy’s Smart Pass 12 product, which gives customers a fixed price of 13.2¢/kWh for a year, is SaveOnEnergy.com’s top pick.

Gexa Energy’s Guaranteed Plan with its airline miles bonus is 13.8¢/kWh for 12 months in Dallas. Gexa also offers a 100% pollution-free wind product that includes all the airline mile benefits for just a bit more money, 14.2¢/kWh. The price is locked-in for one year.

Dallas customers wanting additional price protection can sign up for a two-year deal from Commerce Energy at 13.7¢/kWh.

SaveOnEnergy.com offers customers in the Corpus Christi, Abilene, and Texas New Mexico Power areas the chance to enroll in the price protection products as well.

One of the best deals statewide may be Commerce Energy’s Sure Choice Plus All-In Rate that’s fixed for two years at only 11.1¢/kWh for customers of utility AEP Texas North, including customers in the Abilene area. If you live in that region and have never chosen an energy supplier, you could be paying more than $50 too much every month by not shopping, if you’re still paying the old rate of 16.6¢/kWh.

Gexa Energy’s Guaranteed Plan, with its initial 2,000 airline bonus miles, costs only 11.9¢/kWh for customers in the Texas New Mexico Power area, a great value considering customers who have never picked a supplier could be paying over 14¢/kWh without getting any special bonuses.

But since everyone likes something different, your best bet is to check out SaveOnEnergy.com’s complete list of offerings for your service area, so you can choose what features are most important to you: lowest price, renewable power, bonuses such as airline miles or bill rebates, alternate payment methods, and so on. It’s easy to do, all you have to do is select your utility area, and you’re ready to start saving money every month on your electric bill.

SaveOnEnergy.com SECURES $2.4 MILLION IN FUNDING

Growth Capital Expected to Accelerate Expansion to New York and Illinois

DALLAS — March 17, 2008 – Dallas-based SaveOnEnergy.com (www.SaveOnEnergy.com ) announced today it has secured $2.4 million in funding led by a group of oil and gas executives based in San Antonio, Texas and El Paso, Texas. The new investors will acquire a minority stake in the parent company Save On Energy, LTD.

The company plans to use the additional capital for an increased marketing and advertising campaign in Texas, as well as expansion into New York and Illinois. SaveOnEnergy.com expects to close on the transaction by the end of this month. More details will follow in a separate press release said a company spokesman.

“There have been a variety of opportunities in the past for us to secure funding, but we felt the timing was finally right to take the company to the next level and the investors involved are on board with the company’s vision of expansion,” said Brent Moore, founder and CEO of SaveOnEnergy.com. “Our exchange portal has the ability to change the way competitive energy markets work by enhancing competition and ultimately driving the prices down for the consumer. We truly believe in competition and have hopes that it will help the industry, as well as the customer, thrive.”

SaveOnEnergy.com recently launched the first commercial retail exchange portal in Texas in October 2007.

The first model of its kind in the competitive energy industry, SaveOnEnergy.com’s exchange portal allows eight energy suppliers to compete head to head for the customer’s business. Texas business customers simply log on to the SaveOnEnergy.com website (www.SaveOnEnergy.com ), enter their business and usage information, and the information is then delivered real-time to each of the participating eight energy suppliers. The suppliers then evaluate the information and contact the customer directly.

Different than other online energy brokers, SaveOnEnergy.com no longer uses an internal direct sales force for commercial leads and now serves as a clearinghouse where suppliers compete directly for the customer’s business. The retail exchange format frees customers from time consuming efforts to locate competitive energy firms and solicit bids for their energy usage. With a click of the mouse, customers are contacted directly and receive real-time competitive bids.

About SaveOnEnergy.com

SaveOnEnergy.com (www.SaveOnEnergy.com ) the leading source for energy information and solutions, is a free online service providing consumers with the tools to easily find, compare and order competitive energy services. SaveOnEnergy.com is the result of a unique synergy between the convenience of online capabilities and the numerous choices available from emerging energy competition. A “one-stop-shop” destination for competitive rates and energy saving solutions, SaveOnEnergy.com connects residents and businesses to a select group of pre-qualified energy providers. Independent and unbiased, SaveOnEnergy.com’s highly trained staff of business-to-business experts recommend only those providers meeting a rigorous criteria, offering competitive rates and savings and delivering excellent customer service. Founded in 2003, SaveOnEnergy.com, a division of Save On Energy, LTD., is headquartered in Dallas.