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Genie Energy To Announce Transition Period Results On March 13th

Genie Energy Ltd., (NYSE: GNE) a leading independent retail energy provider and a developer of unconventional energy projects, will announce financial results for its five-month transition period (August 1, 2011 to December 31, 2011) on March 13, 2012.

Earlier this year, the Company changed its fiscal year-end to December 31 st and announced that its next report will cover the transition period. Going forward, Genie Energy’s fiscal quarters will end on the last day of March, June, September and December each year.

Genie Energy will issue an earnings release covering the transition period at 7:30 AM Eastern on Tuesday, March 13th. The earnings release will also be posted on the “Investors” section of its website ( www.genie.com/investors) and filed in a current report (Form 8-K) with the S.E.C.

Genie Energy’s management will host a conference call at 8:30 AM Eastern on March 13 th to discuss financial and operational results, business outlook and strategy. The call will begin with management’s remarks followed by Q&A with analysts and investors.

To participate in the Q&A, dial toll-free 1-877-317-6789 or 1-412-317-6789 (international) and request the Genie Energy call.

A listen-only webcast will be available at http://services.choruscall.com/links/genie120313.html.

The webcast will remain available in the ‘Investors’ section of the Genie Energy website ( www.genie.com/investors) for one year after the call. An audio replay will also be available one hour after the call concludes through March 20, 2012 by dialing 1-877-344-7529 or 1-412-317-0088 (international) and providing the conference code - 10010256.

About Genie Energy Ltd.:

Genie Energy Ltd (NYSE: GNE) is comprised of IDT Energy and Genie Oil and Gas (GOGAS). IDT Energy is a leading independent retail energy provider (REP) supplying electricity and natural gas to residential and small business customers in the Northeastern United States. GOGAS is pioneering technologies to produce clean and affordable transportation fuels from the world's abundant oil shales and other unconventional fuel resources. GOGAS resource development projects include oil shale initiatives in Colorado and Israel. For more information, visit www.genie.com.

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