June 30, 2010

FAQs about IDT Energy

When you’re considering changing your energy service, it’s certainly important to have your many questions answered.  Your energy service actually contains two parts.  There is both the supply and delivery. When you select IDT Energy as your supplier, they then purchase the electricity and natural gas for your home.  Your local utility company will continue delivering the electricity and natural gas, so you won’t even notice the difference.

If you change to IDT Energy or another company, there are no sign up or cancellation fees and no long term commitments – you can switch back at any time.  You’ll still get your monthly bill from your local utility company for both the supply and delivery and you’ll still make only one payment to your local utility.

Jun 30, 2010 1:08:00 AM | IDT Energy, Save Energy

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Good News for IDT and Other Energy Service Companies According to a recent report, “Energy service companies, or ESCOs, will see 26% annual growth from 2009-2011 with revenue reaching $7.1 to $7.3 billion, the report estimates. ESCOs are private companies that typically offer energy savings improvements under long-term performance contracts.” This has to be good news for a company like IDT Energy, “one of the leading suppliers of electric and gas services to residential & business customers.” But what economists and businessmen are curious about is, given that the economy is in such a poor state right now, how are these companies doing so well? The answer is apparently that most of the business generated is coming from what is known as the MUSH market (municipal and state governments, universities, schools and hospitals). This is because such organizations/companies do not encounter the “boom and bust of private business,” so were hit less by the recession. As well, they are receiving “federal stimulus dollars to spend on energy efficiency.” But what should also be noted for a company like IDT Energy is that this news shouldn’t encourage them to sit on their laurels since the fact still remains that “interest in energy efficiency ebbed among big businesses, not surprising given the economy [which] accounted for 15% of market share in 2006, but only 7% in 2008.” A report showed that not knowing what the future holds is making them reluctant to commit to long-term performance contracts.

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IDT Energy is the leading ESCO (Energy Service Company) in NY State, offering the best prices and service for all your energy products.

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