NEWARK, N.J.--(BUSINESS WIRE)--IDT Energy, Inc., one of the largest independent suppliers of electricity and natural gas to residential and small business customers in the U.S. has announced the availability of two new programs aimed at putting greater value into the hands of their customers, IDT Energy® Home Services and IDT Energy® Rewards.
“Retail Energy Providers (REPs) must always look to enhance their value to the consumer as energy markets continue to evolve. Looking beyond competitive energy supply rates, we want to be our customers’ energy supply partners and offer them greater value with a range of related services,” said Geoff Rochwarger, IDT Energy CEO.
IDT Energy® Home Services (www.IDTEnergyHomeServices.com):
“With many utility companies in Pennsylvania announcing some major supply rate increases recently, we rolled out new guaranteed rate plans to help consumers gain some peace of mind knowing they have a full 12 months of protection against market rate volatility. Building on that approach, we are offering our customers protection against unanticipated and costly home appliance repair bills as well,” Rochwarger commented.
IDT Energy customers impacted by the winter’s Polar Vortex rate spikes are eligible to sign up for a free six-month appliance protection plan. In addition, IDT Energy is now making available to all of its customers an array of more comprehensive, paid coverage plans, including options that cover all major household appliances and more – for example, a washer, dryer, cook top, oven, dishwasher, refrigerator, furnace, air conditioner, and water heater, as well as electrical wiring and inbound water pipes. Customers will be able to take advantage of special discounts off monthly fees for as long as they remain active IDT Energy customers in good standing.
Appliance protection services and home warranty programs are currently offered by IDT Energy in New Jersey, Pennsylvania, Maryland, Illinois and the District of Columbia (DC). Expansion to New York State is anticipated.
For more information about the IDT Energy® Home Services offering, visit www.IDTEnergyHomeServices.com or call 888-817-5155.
IDT Energy® Rewards (www.IDTEnergyRewards.com):
“We have always believed that customer loyalty must be earned, and starts with loyalty to our customers. With IDT Energy® Rewards, IDT Energy customers can earn valuable points every month for doing what they already do - using energy and paying their energy bills. It’s just one more way we show our appreciation to customers choosing IDT Energy to supply their home’s electricity and/or natural gas,” added Rochwarger.
The IDT Energy® Rewards program delivers additional value to active IDT Energy customers. Eligible IDT Energy customers may register their meters and earn points based on their consumption of electricity and natural gas. These points may be redeemed for items from a broad catalog of merchandise, giftcards, movie tickets, music downloads and more.
The IDT Energy® Rewards program is expected to be available to the entire active customer base by July 1st, 2014. For more information, visit www.IDTEnergyRewards.com.
About IDT Energy:
IDT Energy is one of the largest independent retail energy providers (REP) supplying natural gas and electricity to residential and small business customers in the Northeastern United States. IDT Energy is a subsidiary of Genie Energy Ltd (NYSE:GNE, GENPRA). For more information, visit www.idtenergy.com or Like us on Facebook at www.facebook.com/IDT.Energy.
In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate, “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described in Genie Energy’s most recent report on SEC Form 10-K (under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations”), which may be revised or supplemented in subsequent reports on SEC Forms 10-K, 10-Q and 8-K. These factors include, but are not limited to, the following: potential declines in prices for our products and services; our ability to return to profitability and improve our cash flow; impact of government regulation; effectiveness of our marketing and distribution efforts; and general economic conditions. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.