Understanding Energy Deregulation: IDT Energy

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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.

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