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SPKE - Spark Energy, Inc.

Spark Energy, Inc. logo Spark Energy, Inc. is a retail energy supplier that provides residential and commercial customers across the United States with electricity and natural gas. The company was founded in 1999 and is headquartered in Houston, Texas.

Spark Energy offers fixed-rate and variable-rate plans for both electricity and natural gas. Fixed-rate plans provide customers with a set price for their energy supply for the length of their contract, while variable-rate plans offer prices that fluctuate based on market conditions. The company also offers green energy plans that allow customers to support renewable energy sources.

In addition to retail energy supply, Spark Energy also provides energy-related services such as home services, including HVAC maintenance and repair, and energy efficiency audits. The company serves customers in 19 states, including Texas, Pennsylvania, New York, and New Jersey.

Spark Energy has faced some challenges in recent years, including financial difficulties and regulatory issues. In 2018, the company paid a $350,000 settlement to the Massachusetts Attorney General's office over allegations of deceptive marketing practices. Additionally, the COVID-19 pandemic had a significant impact on the company's financial results in 2020.

Despite these challenges, Spark Energy continues to provide energy supply services to customers across the country and has implemented strategies to improve its financial performance. The company has also made efforts to increase its focus on renewable energy sources, including launching a green energy plan in Texas in 2021.

Overall, Spark Energy operates in a highly competitive industry and faces challenges related to regulatory compliance, customer retention, and changing market conditions. However, the company has a broad customer base and offers a range of energy-related services that could help to support its long-term growth and success.




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