Summitt Energy

What Summitt Energy does

Summitt Energy Inc. is a Canadian-owned retail energy marketer founded in 2006 and headquartered in Mississauga, Ontario. The company sells fixed-rate natural gas and electricity supply contracts to residential and commercial customers in Ontario, Quebec, and British Columbia — the three Canadian provinces with deregulated energy markets — under licenses issued by the Ontario Energy Board, the British Columbia Utilities Commission, and Gaz Métro. Its core products are 5-year price protection programs for both natural gas and electricity, with supply charges integrated directly into customers' existing utility bills so the local distribution utility continues to handle delivery. Commercial offerings are tailored with flexible terms and hedging strategies via a dedicated portfolio management team, and a Blend & Extend Program allows existing customers to roll their fixed rate into a new lower rate while extending the contract term.

The business model is predominantly subscription/recurring, with revenue derived from per-unit supply charges on long-dated fixed-rate contracts. Adjacent recurring services — water heater rental, a home protection plan for HVAC repairs starting at $12.99/month, and whole-home water filter rentals — extend the customer relationship beyond commodity supply. The EverGreen Carbon Offset Program, a voluntary CSA-approved Canadian carbon offset offering, has retired 188,702 tonnes of offsets on behalf of customers to date. Go-to-market is sales-led and direct, combining inside sales (toll-free numbers per province) with field commercial representatives and a content marketing presence; pricing for energy supply is custom and not publicly disclosed. The company has 101-250 employees, no disclosed funding, no parent company, and no public listing.

Name

Summitt Energy

Legal name

Summitt Energy Inc.

Website

https://summitt.ca

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

101–250 employees

Short description

Summitt Energy is a Canadian retail energy marketer that sells 5-year fixed-rate natural gas and electricity supply contracts to residential and commercial customers in Ontario, Quebec, and British Columbia, with adjacent subscription home services.

Ownership category

akta.pro rank

Headquarters

HQ city

Mississauga

HQ country

Canada

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Natural Gas Supply: Retail energy marketing providing fixed price natural gas supply contracts to residential and commercial customers. Customers pay a fixed supply charge integrated into their utility bill for terms up to 5 years.
2. Electricity Supply: Fixed rate electricity supply programs for residential and business customers with 5-year price protection, integrated into existing utility bills.
3. Water Heater Rental: Rental of energy-efficient hot water tanks including installation, removal of old equipment, and repairs. First two months free with no installation cost.
4. Home Protection Plans: Monthly subscription plans for furnace and air conditioner repair coverage starting at $12.99/month with guaranteed priority service, free parts and labor, and 24-hour support.
5. Whole-Home Water Filter Rentals: Monthly rental service for whole-home water filtration systems that reduce chlorine, hydrogen sulfide, heavy metals, and other contaminants.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Summitt Energy is a retail energy marketer that provides natural gas and electricity price protection programs to residential and commercial customers across Canada. The company offers fixed-rate supply contracts of up to 5 years integrated directly into existing utility bills, alongside home service add-ons such as water heater rentals, HVAC protection plans, whole-home water filter rentals, and a voluntary carbon offset program.

Product overview

Summitt Energy is a retail energy marketer providing natural gas and electricity price protection programs to homes and businesses across Canada. The core product portfolio consists of two main 5-year fixed-rate price protection programs (Natural Gas and Electricity Price Protection) offered through Residential and Business service tiers. The company operates a modular add-on strategy, complementing energy programs with home comfort products including Water Heater Rental, Home Protection Plans for HVAC repair coverage, and Whole-Home Water Filter Rentals. Additionally, the EverGreen Carbon Offset Program allows customers to purchase CSA-approved Canadian carbon offsets. The company is Canadian-owned, headquartered in Mississauga, Ontario, established in 2006, and operates in Ontario, Quebec, and British Columbia.

Differentiator

Problem solved

Functional benefit

Brands

• EverGreen: Carbon offset programs allowing customers to reduce their carbon footprint through investment in projects that reduce or avoid carbon emissions.

Products and services

• Natural Gas Price Protection Program A 5-year fixed-rate natural gas supply program that protects homeowners from market volatility and rising natural gas prices by providing predictable supply charges integrated into existing utility bills.
• Electricity Price Protection Program A 5-year fixed-rate electricity supply program that protects homeowners from electricity price increases by providing predictable supply charges integrated into existing utility bills.
• Business Energy Services Energy price protection programs for commercial and industrial businesses, offering price certainty, hedging strategies, flexible terms, and dedicated portfolio management for natural gas and electricity supply contracts.
• EverGreen Carbon Offset Program A voluntary climate-friendly program that allows customers to invest in projects that reduce or avoid carbon emissions, retiring CSA Approved Canadian carbon offsets on behalf of customers.
• Water Heater Rental Monthly rental of ENERGY STAR qualified hot water tanks in 40-75 gallon sizes including installation, removal of old equipment, and all repairs, with first two months free.
• Home Protection Plan Monthly subscription plan providing furnace and air conditioner repair coverage with 24-hour support, priority service from licensed technicians, free parts and labour, starting from $12.99 per month.
• Whole-Home Water Filter Rentals Monthly rental service for whole-home water filtration systems that reduce chlorine, hydrogen sulfide, heavy metals, and other contaminants from every tap in the home.

Quantifiable outcome

• 180,000+ tonnes CO2 emissions reduced by customers through EverGreen program - equivalent to 30,000+ cars off roads
• +1 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

One partnership is on record.

• Ontario Energy AssociationminorOthersSummitt Energy is a member of the Ontario Energy Association, a group of marketers dedicated to providing high quality service and products to customers. Membership provides industry networking and association with other energy marketers.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Just Energy: Just Energy is one of Canada's largest retail energy marketers, offering fixed and variable-rate natural gas and electricity supply contracts to residential and commercial customers across multiple provinces—a direct head-to-head competitor to Summitt in the same deregulated markets.
• Direct Energy (Enbridge): Direct Energy, a subsidiary of Enbridge, supplies retail electricity and natural gas to residential and commercial customers across Canada and the U.S., with bundled home services—directly comparable to Summitt's product mix and target segments.
• Enercare: Enercare is a Canadian provider of water heaters, furnaces, air conditioners, and other in-home services with subscription rentals, directly competing with Summitt's Home Services bundle (water heater rental, HVAC protection, water filtration).
• Reliance Home Comfort: Reliance rents and services water heaters, HVAC, and water-treatment equipment across Canada through long-term subscription contracts—directly competing with Summitt's Home Protection Plan, Water Heater Rental, and Whole-Home Water Filter offerings.
• Hudson Energy: Hudson Energy is a North American retail electricity and natural gas supplier to commercial and industrial customers—a direct C&I-focused competitor to Summitt's Business Energy Services book.
• Competitive Energy Services: Competitive Energy Services is a retail electricity and natural gas broker/marketer serving commercial customers across Canada, comparable to Summitt's portfolio-manager-driven C&I motion with similar contract structures.
• Source Energy Services: Source Energy Services offers natural gas and electricity supply to commercial and residential customers in Canadian deregulated markets, with comparable fixed-rate contract structures to Summitt.

Emerging players

• Think Energy: Think Energy is a Canadian retail electricity and natural gas provider focused on green/renewable supply—partial overlap with Summitt, particularly via the EverGreen carbon-offset angle, and a possible future direct competitor in residential fixed-rate supply.

Regional players

• Pacific Energy (BC): Pacific Energy is a British Columbia-based retail energy supplier; regional overlap with Summitt in the BC market, offering comparable fixed-rate electricity supply programs to commercial and residential customers in that province.
• Ontario Energy Savings Corp (OESC): OESC is an Ontario-focused retail energy marketer offering fixed-rate electricity and natural gas contracts to residential customers—directly comparable to Summitt's Ontario residential book and a regional peer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/summittenergy
• Facebookfacebook.com/summittenergy

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Summitt Energy