IDT Energy Introduces Energy Supply Service for Commercial and Industrial Customers and Energy Brokers

IDT Energy, Inc., announced today that it has launched indirect energy procurement and advisory services for commercial and industrial customers.

"This new offering leverages Genie Energy’s procurement expertise and robust portfolio of services to offer commercial and industrial clients, and the energy brokers who serve them, high-end energy advisory expertise. The new offering is available throughout IDTE’s service footprint, which includes utility territories in Illinois, Maryland, New Jersey, New York, Ohio, Pennsylvania and Washington, DC," IDT Energy said

"Founded in 2004, IDT Energy has grown phenomenally since its inception," said Michael Stein, CEO of Genie Energy’s retail business. "We have proven our ability to operate efficiently and profitably on a significant scale and in a wide variety of market conditions, and today have over 1.8 million megawatt hours in our residential and small commercial customer base. We are delighted to leverage our expertise and operational capabilities to provide energy brokers with commodity procurement and hedging for their commercial customers -- all managed in-house and backed by the significant financial resources of our parent company, Genie Energy Ltd."