updated 1/25/2011 2:17:46 PM ET 2011-01-25T19:17:46

STAMFORD, Conn., Jan. 25, 2011 (GLOBE NEWSWIRE) -- With the coldest December in a decade and more cold weather predicted for this winter, residents of Greater Philadelphia struggle to stay warm and keep their heating bills down in 2011. Now there is a new energy option available from MXenergy, one of the largest independent providers of natural gas and electricity and an industry leader in the sustainability movement.

The average home in the Philadelphia area uses approximately 9,000 kilowatt-hours per year. MXenergy's electricity rates are lower than the current PECO rates, and could save residents $90 per month or more, depending on usage. Plus, for a limited time, new MXenergy customers will receive $50 for enrolling as well as discount coupons worth $100 or more each month. MXenergy also has a refer-a-friend program, where both the referring customer and the friend or family member they refer each receive $25.

"We are thrilled to offer savings on electricity to the people of Greater Philadelphia," said Jeffrey Mayer, MXenergy's President and CEO. "I grew up in this town, so to bring MXenergy here truly represents coming home."

Home owners and local businesses will be able to easily make the switch to MXenergy by simply making a phone call to 1-800-785-4373, or visiting the company website at www.mxenergy.com .

About MXenergy

MXenergy is one of the fastest growing retail natural gas and electricity suppliers in North America, serving approximately 500,000 customers in 41 utility territories in the United States and Canada. For over 11 years, the company has provided millions of customers with a choice in how they purchase energy to run their homes and businesses. Founded in 1999 to provide natural gas and electricity to consumers in deregulated energy markets, MXenergy helps residential customers and small business owners control their energy bills by providing both fixed and variable rate plans. MXenergy is committed to best practices in environmental conservation, supporting local communities through various outreach programs and is a member of the Chicago Climate Exchange.

CONTACT: Marjorie Kass (203) 356-1318 ext. 7801
         Managing Director - Brand Management & Communications
         mkass@mxenergy.com
         Laurel O'Connor (209) 782-7212
         NorthStar Media Management LLC
         laurel@northstarmediamanagement.com

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