Energy Aggregation Program
ENERGY AGGREGATION PROGRAM UPDATE 11/30/21
Monroe Residents Have Saved More Than $15 Million on Electric Bills with Community Energy Aggregation Program
Participants will Automatically Revert to JCP&L in December – No Action Required
Monroe Township residents enrolled in the Township Community Energy Aggregation (MTCEA) program have saved more than $15 million since the 2013 program inception. The Township is the only municipality in the state to successfully bid eight uninterrupted years (four, two-year contracts) of its energy aggregation program.
MTCEA “Round Four”, which began in December 2019 with Constellation New Energy for a two-year term ending in December 2021, has generated actual savings over the JCP&L tariff price of approximately $3 million. This translates to an average savings of over $200 per participating residence - more for those using large quantities of electricity or living in all-electric homes.
This fall, the Township launched a competitive procurement process to obtain a replacement energy supply contract for “Round Five” that would begin in December 2021.
Unfortunately, like other municipalities bidding this fall, proposals received were higher than the current JCP&L tariff price. Therefore, the Township was unable to award a new contract, and all program participants will be transitioned back to JCP&L in December to receive the lowest available pricing. Participating households were recently notified of this switch back to utility supply via letter from JCP&L.
Residents are advised that the transfer back to JCP&L will be automatic with no action needed.
The Township remains committed to helping residents save money on their electric bills and will be soliciting bids next year from third-party suppliers if market conditions improve, and electric costs are lower than the JCP&L rate at that time.
In the meantime, residents should exercise caution in responding to solicitations from unfamiliar energy suppliers and be warned of scammers and teaser rates that promise low rates now but balloon later.
Established in 2013, the MTCEA program is conducted under State law and in accordance with the State Board of Public Utilities’ regulations. Current participation is approximately 14,000 households. Residents seeking additional information should contact program coordinator Harold Klein at 732-521-4400, ext. 135.
TOWNSHIP ENERGY AGGREGATION PROGRAM UPDATE
Monroe Township Community Energy Aggregation November 2021 Update.
Based on current electricity rates, Monroe customers currently participating in the MTCEA program will be reverting to the current tariff rate with JCP&L in December to receive the lowest available pricing. The transfer will be automatic in December, no action is required on your part.
As Monroe is committed to providing the lowest cost electricity on the market, the Township will be soliciting bids next year from third-party suppliers in the hopes that electric costs will be lower than the JCP&L rate at that time.
If you have any questions, please call Harold Klein at 732-521-4400 ext. 135.
JCP&L Balance Billing Information
Energy Aggregation Contact Info
Phone: 732 521-4400, ext. 135 |
