According to the U.S. Energy Information Administration, the American household was paying an average price of 2.6 Cents per kilowatthour, including taxes, back in 1960. In 2015, the average price for residential electricity soared to 12.67 Cents per kilowatthour in the United States, a 387.31% increase from 1960.
There is however, hope for American energy consumers, as energy deregulation continues to pick up steam. Not to mention, with an energy-friendly president-elect, and Congress, consumers could start to see some relief with energy prices. Warren Buffett believes that “energy deregulation will be the largest transfer of wealth in history,” and General Electric Company (NYSE: GE)’s Jack Welch has called energy deregulation “the next biggest thing since the internet.” With experts estimating that all 50 states will have some form of energy deregulation participation by 2020, the question is: who will reap the benefits of the estimated $500 billion new industry? Premier Holding Corp. (OTCQB: PRHL) is in a prime position to continue benefitting from energy deregulation across the United States.
Overview: Premier Holding Corp. (OTCQB: PRHL)
Premier Holding Corp. (OTCQB: PRHL), through its subsidiaries, engages in the business of offering electricity and gas to consumers across deregulated energy markets. The energy company operates three main subsidiaries:
Energy Efficiency Experts (E3): The company’s energy efficiency business, focus on cutting energy costs through efficient energy infrastructure and materials.
The Power Company (TPC): TPC helps connect consumers with energy cost management tools, competitive energy pricing, energy market monitor services. Ultimately, TPC helps assist energy customers with finding the best service for the best prices. Deployment of company’s proprietary ESP Portal, which is being called the “Amazon of energy.”
American Illuminating Company (AIC): The power-supplying arm of Premier Holding Corp., AIC stands to be a major revenue-producing business for the parent company. The company projects receiving 90,000 residential contacts for power supply through 2017 (contracts range in value from $300-600 per contract).
The parent company, Premier Holding Corp.’s (OTCQB: PRHL) slogan is “Everything Energy,” as the energy company looks to become a one-stop-shop for energy customers across deregulated markets.
PRHL: Scalable Energy Businesses and Complimentary Subsidiaries
Premier Holding Corp. has reported total revenue of $3.65 million, through the past three quarters of 2016. Going off of averages of the past three quarterly results, the energy services company could expect to see fourth quarter total revenue of nearly $1.22 million. This would give Premier Holding Corp. an estimated total revenue of $4.87 million for full year 2016. Through the company’s proprietary portal technology and partnership with BlackRock (NYSE: BLK)-backed Sustainability Partners, Premier Holding Corp. estimates it will see total revenues jump to $40 million in full year 2017.
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