The East Brunswick Sentinel reports that Monroe Township has awarded an energy aggregation contract that achieves roughly 15% savings for residents, and the official Monroe Township press release confirms this.
MONROE — The township has awarded a contract to a third-party electric supplier as part of an energy aggregation program that officials decided to pursue over the summer.
According to Robert Chilton of Gabel Associates, the energy consultant firm hired to secure the lower electric supply rate, the average customer will see approximately $160 in savings per year, with a higher savings expected for all-electric homes.
“Over the 22 months of the contract, it’s about $4 million in savings for everyone,” Chilton said.
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Businesses in Little Ferry, our newest CEA community, can now access opt-in forms and other documents at http://njccea.org/get-involved/littleferry/.
Further details and the results of this program will be posted here when the successful third-party supplier has been selected. For any questions, call 862-262-3711 or email screma@njccea.org.
Businesses in Colts Neck, our newest CEA community, can now access opt-in forms and other documents at http://njccea.org/get-involved/coltsneck/.
Further details and the results of this program will be posted here when the successful third-party supplier has been selected. For any questions, call 862-262-3711 or email screma@njccea.org.
Press Release
October 8, 2013. The Plumsted Township Committee voted last Wednesday evening to award a power supply contract to Verde Energy USA, Inc. to provide power supply to Township residents for a twenty-two month period beginning in January 2014 when the existing contract with Con Edison Solutions expires. The contract price is 17% below the current JCP&L tariff price for power supply, and is estimated to save residents about 13.5% over the term of the contract as compared to the price for power that will be charged by JCP&L. This will result in average annual savings of about $150 per customer, and aggregate savings for Township residents estimated at about $700,000 over the full 22-month term.
The contract award is the result of the Plumsted Community Energy Aggregation (PCEA) Program that was initially launched by the Township in 2012 in partnership with the Plumsted Municipal Utilities Authority (PMUA). Plumsted has again broken new ground, becoming the first New Jersey municipality to successfully repeat the process and award a replacement contract.
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The South Hunterdon Renewable Energy Cooperative, consisting of Lambertville and West Amwell, is undertaking its first Community Energy Aggregation program. Lambertville opt-in documents are now available online. Please access the documents for business enrollment here: http://njccea.org/get-involved/lambertville/.
Further details and the results of this program will be posted here when the successful third-party supplier has been selected. For any questions, call 908-581-8418 or email jcloud@coolingamerica.org.
We’re pleased to welcome Monroe Township, which pioneered energy aggregation in an earlier form in the 1990s, to the latest version of Community Energy Aggregation in New Jersey. Please access the documents for business enrollment here: http://njccea.org/get-involved/monroe/.
Further details and the results of this program will be posted here when the successful third-party supplier has been selected. For any questions, call 908-581-8418 or email jcloud@coolingamerica.org.
Montgomery Township has approved a 24-month contract with ConEdison Solutions to supply electricity to township residents which is expected to save them 8.5% over the standard PSE&G price, amounting in total to as much as $1.4 million. The township’spress release states “Township residents will continue to have power delivered and billed by PSE&G, but the power supply will come from ConEdison Solutions at the lower fixed price per kilowatt-hour.”
Mayor Ed Trzaska expressed enthusiasm about the cost-saving effort, stating, “To provide our residents with $1.4 million in energy cost savings is well beyond our expectations. For decades, federal and state regulators have artificially inflated the price of electricity. By using the free market and competitive bidding, we are shifting the balance in favor of our residents. Montgomery is working hard to help lessen the burden of taxes and hidden fees that are imposed on the public.”
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Recent public information sessions about Community Energy Aggregation (CEA) have frequently attracted irate citizens concerned that this is “another government take-over.” These reactions are understandable, especially when residents learn that they are automatically included in the program, and need to “opt out” if they do not want to participate. But they represent a complete misunderstanding of the actual nature of the program.
Aggregation was introduced along with the deregulation of energy generation in 1999, and the law was amended in 2003 to make it possible for municipal governments to foster greater competition amongst suppliers, and thereby reduce costs for a majority of ratepayers. The municipality is not “taking over” the provision of energy, or people’s energy bills; any account information they receive from the local utilities are kept, by contract, under the strictest confidentiality. Residents are “included” in the aggregate only for the purposes of bidding out the supply of electricity to a majority of the households in the community. But they can always “opt out” of the program, at no cost or penalty, and at any time.
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June 14, 2013, Toms River, NJ:
The Toms River Township Council voted last night to award a power supply contract to Dominion Energy Solutions, to provide power supply to Township residents for a 21-month period beginning in September 2013. The contract is estimated to save residents about 12% as compared to the price for power supply that is being charged by JCP&L, resulting in average annual savings of about $110 for the typical residential customer, and aggregate savings for Township residents estimated at about $4,000,000 annually. This translates to potential aggregate savings over the 21-month contract term of about $175 for the average residential customer, and over $5.5 million total for all eligible Township residents. The contract award is the result of the Toms River Community Energy Aggregation (TRCEA) Program that was launched by the Township earlier this year. The TRCEA Program was formed under a 2003 State law referred to as the Government Energy Aggregation (GEA) Act. Under this state law, municipalities are given the authority to undertake a bulk purchase of power supply for its residents.Although the GEA law has been on the books for nearly 10 years, Toms River is only the second community in New Jersey to successfully execute a power supply contract on behalf of its residents.
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Community Clean Energy Aggregation is based on legislation that allows local governments (counties and municipalities) to buy electricity wholesale on behalf of their own businesses and residents. Only 6 states have passed specific legislation that allows community energy aggregation: Illinois, Ohio, Massachusetts, Rhode Island, New Jersey, and California.