Electricity and Gas for the World!

Electricity has become a fundamental fact of life since the invention of the electric light bulb by Thomas Alva Edison over 100 years ago. It is such an integral part of life that most people probably give it little thought during their busy days, but it is important to know and understand where our electricity, which we are so dependent upon, comes from.

There are many possible sources for the production of electricity. Electric power plants can produce electricity using coal, oil, or nuclear fuel. They can also be powered with renewable sources like energy from wind, solar panels, or hydroelectric dams.

In the US, as of 2010, the vast majority of electricity was produced using fossil fuels, about 70%, with about 24% from natural gas and 45% from coal. Nuclear power contributes about 19% while 6% comes from hydroelectric power sources. Wind produces about 2% of the country’s electricity, and biomass, solar and other renewable sources are negligible.

In New York State, where IDT Energy brings to consumers electricity and natural gas, the percentages are as follows as of 2008 statistics:

Coal produces about 14% or New York’s electricity, while natural gas generates about 28%, a significant amount less than the amount of fossil fuels used to produce electricity in the US as a whole. New York makes up the difference by getting more of its electricity form nuclear and especially hydroelectric sources, with about 31% from nuclear power and 18% from hydroelectric dams. Just as in the rest of the country renewable sources of electricity make up a tiny percentage of the total generation of electricity with about 2% from biomass and less than 1% coming from wind and solar at almost zero.

Deregulation and IDT Energy

Utilities supplying electricity and gas power to New Yorkers and residents of several other states were deregulated about a decade ago. The intent of the legislative bodies that chose to deregulate the energy markets was so that competition would be fostered among the suppliers, improving service and prices for customers.

In order to understand deregulation it is important to know that energy service has two components, the supply of the energy and its delivery.  Deregulation gave consumers the power to choose their energy supplier, while the delivery of the energy remained within the purview of the established and regulated utilities. This means that today, for many New Yorkers, although Con Edison is still the company that delivers their power, the supplier of energy is determined by the consumer.

IDT Energy is a qualified supplier of energy to the people of New York, and in partnership with local utility companies, which in some cases, but not all, is Con Ed, can supply residents with the energy they need at competitive prices and excellent service.

Although the local utility still delivers the electricity and gas to its customers, consumers have the right to pick the supplier which meets their needs best, helping to drive down prices and improve quality of service. There is no need to do anything other than pick up the phone to make the switch to IDT Energy, or any other supplier of electricity and gas which services your area.

Past Meets Future at IDT Energy

In order to arrive at the world we live in today, which is powered to a great extent by electricity, it took many people who toiled in the pursuit of knowledge and the discovery of ways to use that knowledge to the benefit of mankind.

Benjamin Franklin, with his famous kite and key experiment, first realized that lightning was electricity. Thomas Edison worked for years perfecting the first long-lasting incandescent light bulb. Nikola Tesla worked tirelessly to discover ways to generate, transmit and use alternating (AC) current over long distances.

Since those days of invention, discovery and progress we now take for granted the great, pioneering work or these inventors and scientists. Today, companies like IDT Energy help people to get the most out of these great achievements of the past by delivering the amazing source of energy, electricity, to our doorsteps today.