Is Energy 526 a not-for-profit organization?


Quick Answer

Energy 526 is a program run by Ambit Energy, which is a for-profit company. The Energy 526 program is a multi-level marketing strategy, a system sometimes referred to as a pyramid scheme.

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Full Answer

Ambit is not a non-profit organization. The company recruits independent consultants to sell electricity and natural gas services; consultants often sell to their friends and family. As of April 2015, Ambit is based in Dallas and operates in the 15 states that have deregulated energy markets. The company has had numerous complaints from customers about sudden rate increases, difficulty in contacting the company, and dishonest consultants who use high-pressure sales tactics on vulnerable populations.

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