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.

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.