IDT Energy

About IDT Energy

IDT Energy is a retail power marketer with headquarters in Jamestown, New York and serving customers in 7 states in the nation including in major cities such as New York, Chicago, Philadelphia, Columbus, and Washington. There are 6,105 commercial customers and 45,648 residential customers who are receiving electricity from the supplier. IDT Energy has an average electricity only residential rate of 18.36 cents per kilowatt hour, which is, unfortunately for their consumers, 46.65% above the average US electricity only service price of 12.52 cents. Of the 513,797 megawatt hours IDT Energy sold and dispossessed, 100.00% were from retail sales. During the same timeframe, IDT Energy procured 513,797 megawatt hours via the wholesale electricity market. IDT Energy made $83,735,400 in 2023 from electricity sales to end users alone.

The national average monthly residential electricity only bill is $83.49, while the IDT Energy average is 26.94% higher at $105.98 per month. IDT Energy ranks 135th in the United States for average monthly bill total. Electricity production is not part of the IDT Energy business plan, as they purchase electricity at wholesale rates to then be resold to their end users.