NRG · 10-Q · 2026Q2 · Full report

Products and Technology

NRG ENERGY, INC. · 2026-08-04 · Importance 16 · Surprise 6

NRG offers electricity, natural gas, smart-home security, and automation solutions through brands including NRG, Reliant, Direct Energy, Green Mountain Energy, and Vivint. Its product strategy emphasizes differentiated energy and smart-home offerings with innovative features, premium service, integrated platforms, sustainability, loyalty and affinity programs, and affordability. Demand-response products and virtual power plants are being developed to provide flexible load management and improve customer economics.

Key facts

• The Consumer Financing Program derivative is classified as a Level 3 instrument and is valued using a discounted cash flow model with specified inputs including collateral default rates, collateral prepayment rates and credit loss rates. source
• Consumer Financing Program collateral default rates range from 0.74% to 43.50% with weighted average 8.58% as of June 30, 2026. source
• Consumer Financing Program collateral prepayment rates range from 2.00% to 3.00% with weighted average 2.48% as of June 30, 2026. source
• Consumer Financing Program credit loss rates range from 6.53% to 60.00% with weighted average 17.70% as of June 30, 2026. source
• Average Vivint Smart Home customer count for three months ended June 30, 2026 was 2,461 thousand and ending Vivint Smart Home customer count was 2,521 thousand. source
• NRG’s business serves approximately (values redacted) million residential customers comprised of (values redacted) million retail energy and (values redacted) million smart home customers, and as of June 30, 2026 the core power and natural gas business consists of approximately (redacted) GW of competitive power generation and a natural gas portfolio that serves approximately 1,900 MMDth annually. source