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, Baltimore, Buffalo, and Rochester. There are 4,653 commercial customers and 53,520 residential customers who are receiving electricity from the supplier. IDT Energy has an average electricity only residential rate of 17.82 cents per kilowatt hour, which is, unfortunately for their consumers, 75.72% above the average US electricity only service price of 10.14 cents. Of the 539,324 megawatt hours IDT Energy sold and dispossessed, 100.00% were from retail sales. During the same timeframe, IDT Energy procured 539,324 megawatt hours via the wholesale electricity market. IDT Energy made $84,311,300 in 2022 from electricity sales to end users alone.

The national average monthly residential electricity only bill is $70.75, while the IDT Energy average is 40.47% higher at $99.38 per month. IDT Energy ranks 162nd 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.