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More news from the company:
Everybody’s Phone Company Discusses the Multiple Benefits of Acquiring Pre-Paid Energy Services
Marketwire “Press Releases”
HOUSTON, TX — (MARKET WIRE) — 02/04/11 — Everybody’s Phone Company (PINKSHEETS: EVPH) is proud to announce that they are furthering research into bundling multiple types of pre-paid services by exploring the advantages of pre-paid energy companies. Texas was one of the first deregulation states for opening the prepaid electricity market. Currently, First Choice Power has 1.3 million meters installed with over 6 million anticipated for installation by 2014. Public Service Enterprise Group reported over $3.2 million in revenues for their prepaid electric and gas services in New Jersey , a state with a much smaller population than Texas . Currently, pre-paid energy services are expanding by 60% or more across the globe with implementation in over 40 countries and over 10 million prepaid meters in operation worldwide with 3.9 million meters in full operation in North America .
Most countries, including the United States , reward pre-paid meter usage with energy credits and/or tax deductions for the owners/operators of properties who install them. These incentives are the driving force of most switches for individuals while power sector reforms and de-regulation measures in the United States are predicted to drive the prepaid market because marketing and billing will need to be more consumer friendly.
Pre-paid energy meters make connection and reconnection fees a thing of the past while also increasing consumer awareness about pricing, usage, and the overall impact energy waste has on the environment. Energy meters include unique tamper-detection software, cell phone payment capabilities while virtually eliminating non-technical losses due to faulty meter readings and fraud. Pre-paid energy services assuage provider’s worries about debt collections, deposits, and credit checks. Usually all that is needed to start the services is the first payment. This business model is virtually identical to that of Everybody’s Phone Company and the Texas entity foresees no problems acquiring, managing, and implementing pre-paid energy services into their company’s service packages for commercial and residential consumers. Everybody’s Phone Company’s future plans will ultimately boost the bottom line and help accelerate expansion to other states.