Off-Peak: That's a Wrap on 2023 + Winter Energy Saving Tips

Hey Texas,

As the year draws to a close, I find myself reflecting on 2023 – a landmark year for BKV Energy. In my first newsletter contribution, I am eager to share my insights, both globally and within our organization. If there is a topic you’re particularly interested in or if you have suggestions on how we can serve you better, send me a note at [email protected].

1) The World in 2023: A Time of Transformation
2023 has been a tapestry of significant events: groundbreaking developments in artificial intelligence, an increasingly heated international landscape, higher interest rates, a stubborn labor market, and record temperatures to name a few.

These shifts signal a global transformation, yet uncertainty remains regarding how the world will eventually settle and look post-COVID. What is certain though, is the need for electricity continues to grow, and that adaptation and resilience are crucial. BKV Energy is committed to navigating these tides with foresight and agility.

2) Energy in Texas: A Period of Volatility
Texas wholesale electricity prices are experiencing increased volatility; our state is growing, temperatures are increasing, and efforts to “electrify” our industries continue to ramp up.

Power generation is observing a “feast or famine” effect, driven by the variability of renewable energy and underinvestment in thermal generation (e.g., electricity generated with natural gas). This gives battery storage an interesting growth opportunity, but it will take time before the Texas grid can find stable conditions to decrease price volatility.

Our goal is to navigate these complexities so that you can enjoy simple, straightforward plans to power your home.

3) BKV Energy in 2023: Remarkable Growth
This year has been extraordinary for BKV Energy. From launching operations earlier this year to now serving 30,000+ customers, our journey reflects your trust in us to provide a different kind of energy service.

Our new BKV Energy Plus program highlights our dedication to providing you with real, additional value.

4) Forward to 2024: Innovation and Excellence
In 2024, we’re doubling down on our commitment to you. We’re not just listening; we’re actively incorporating your feedback to enhance your journey with us. From improving our call center experience to refining our products and pricing, every step is taken with your satisfaction in mind.

I want to thank every single one of our customers for putting your trust in BKV Energy. We will continue to work to provide you with the best customer experience in the market.

Written by Javier Hinojosa

Javier Hinojosa, Vice President of Retail Power at BKV Energy, has over fifteen years of management experience in M&A, consulting, supply chain, technology, and operations. He is responsible for overseeing all aspects of BKV Energy's business, from finance and brand development to customer service and go-to-market strategy.