Inaccurate Energy Saving Tags Still Guide Consumers to Good Choices

According to Tracee Carrasco of CBS2 News in New York, the yellow energy-savings tags on appliances do not accurately represent the dollar savings consumers will enjoy when purchasing new appliances.

Carrasco reports that professor of economics Lucas Davis simply says that, “The labels are wrong.”

Davis explains that the dollar figures given on the labels are national averages of electricity costs, and in New York, where electricity is much more expensive, the amount saved will most likely not be the same amount as what is written on the tags.

“They show information based on national average electricity prices,” Davis said. “The problem is, people have no idea how much they spend for electricity so they have no idea how to make that conversion.”

Nevertheless, even with the inaccurate numbers on the tags, they still help consumers decide which appliance to buy based on the comparison of amount saved with the other appliances on display. In other words the tags still help people save money and energy.

“We found people who saw better labels, made better decisions and they saved money—a lot of money,” Davis said.

IDT Energy is an ESCO

ESCOs Help Consumers Save

ESCO stands for “Energy Service Company.” When the power supply utility companies in New York were deregulated, ESCOs, including IDT Energy, came into being. Competition was introduced into an area which was essentially populated with monopolies which had government protection as well as regulation.

 

With deregulation came the competition which allowed prices, and services to bring in customers, hopefully encouraging the quality of services provided as well as helping to keep costs competitive.

Under this system energy service is divided into two parts, the supply of energy and its delivery. IDT Energy offers a “Switch and Save” program which allows consumers to choose IDT Energy as their supplier, while their local utility, such as Con Edison, remains in charge of power delivery.

Consumers are not compelled to switch to an ESCO, but in many cases, as when switching to IDT Energy, it is possible to save money on the monthly bill for electricity and natural gas.

How to Save Money While Getting the Most from Your Dryer

Almost any energy company, like IDT Energy, would agree with the statement that using less energy can lower the monthly bill. It is relatively easy to conserve energy once you are aware of the appliances which consume the most power. One such appliance is the dryer- people often don’t realize how much electricity they use each day when they run it over and over again. Of course, using a clothesline during the summer months would conserve the most energy, however, many people don’t have a convenient location to use one, nor do they want to spend the extra time required to hang and remove the clothes.

The first way to conserve energy while using a dryer is to wring out the clothes in advance. This will help the drier work quickly and more efficiently. Sorting the clothes by weight will also increase the driers performance. Make sure not to overload it. The dryer uses more energy and works less efficiently when it is too full. If there are too many clothes that need to be dried, put one load in immediately after the other in order to take advantage of the energy that may still be lingering from the previous load.  Also, make sure to clean the lint filter often, and vacuum the exhaust hose at least once a year.

If you are looking to purchase a new dryer, some have moisture sensors and will shut down the moment the clothes are dry.

Understanding Energy Deregulation: IDT Energy

Many people throughout the United States now have the opportunity to choose their energy provider.  Companies like IDT Energy can offer them savings on their electricity bills and offer them choices that they’ve never had before.  But how does deregulation work and what does it mean?

The deregulation of electricity supply actually began in the late 1990’s with Pennsylvania and California as the first two states to offer consumers a choice with alternative electric suppliers.  Now, more than 16 states allow for electricity choice, including New York, New Jersey and many others.

This means that, within these states where there is deregulation, each customer has choices about who should be their electricity supplier.  Each supplier can offer alternative rates and energy products.  Certainly, one appealing advantage to this system is that there is more competitive pricing.  Citizens can feel that they have a choice in this area and can select the electricity supplier that they feel will best serve their needs.

Sustainable Neighborhoods & Going Green: IDT Energy

Here’s an interesting piece about creating energy efficient neighborhoods and sustainable community spaces.  Certainly, not every neighborhood in America is going to quickly take up the challenge.  At the same time, by starting to think about going green with IDT Energy and Green Energy, or by finding ways to save on your electricity bill, you’ll be starting to do your part.

New Jersey Energy Choices: IDT Energy & More

Many people in New Jersey are unclear about what the new energy choices mean for them.  If they are currently using the same energy company they’ve always used, PSE&G, do they suddenly have to make a change?  The answer to this question is certainly “no.”  There is no need to change your energy supplier and no obligation to do so.  The benefit of the deregulation in energy companies means that consumers have the right and the choice to select their own energy supplier – but they don’t have an obligation to do so.

You can’t have your energy company changed without your consent. This is called slamming and it’s illegal.  So, as long as you want to continue using your current supplier – you’ll be able to do so.  Should you decide to switch to IDT Energy or to one of the many other choices, you’ll find this process to be simple and straightforward.