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The Energy Scam Stream
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Stream Energy is a retail electric provider (REP). Ignite is Stream’s marketing arm. Electricity is sold into the grids and the REPs purchases there electric out of the grids. Aggregators, “Co-Ops” and Municipalities purchase their electricity from an REP. Stream and other REP companies like it offer electricity at discount prices.
Stream Energy sales are distributed through a Multi Level Marketing organization, or MLM. An MLM is a kind of legal Pyramid Scheme in which salespeople pay to participate, offer up a percentage of sales to those higher in the pyramid, and are encouraged to recruit others for bonuses. MLM’s are notorious for the extremely high failure rate of their participants.
One may think to ask “why would a company that has a better price on something as in demand as electricity choose to sell it through an MLM system rather that selling the product direct?” It’s a very good question. |
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