Posted by: admin | May 31, 2009

De-Regulating Electric Supply in New York City

whitelightswitchUntil 1998 New York State residents were spared the option of choosing which company supplied their electricity and natural gas. In that year New York embarked on a process to phase-in consumer choice in the expectation that customers would be able to save money. Until 1998 Con Ed (Consolidated Edison) was the only energy supplier in New York City. Today it is still Con Ed that delivers all the electricity. What was de-regulated was which company is actually responsible for the customer’s energy supply. Companies, such as IDT Energy, are competing for the energy supply market and are known as ESCOs, or Energy Supply/Service Companies.

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