IDT Energy is an ESCO

Electricity, energy choice, ESCO, IDT Energy, New York, Savings , , ,

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.


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