At a work session Monday, a few companies that deal in energy aggregation made presentations to the Township Council. The companies said the township could strike a deal that would lead to energy savings for residents.
Energy deregulation has been a reality in New Jersey since 1999. However, the program by which municipalities can aggregate energy on behalf of residents was not put in place until 2003. Last year, amended regulations established a procedure by which towns could move forward with a deal.
The township would need to pass a resolution or ordinance that permits an energy aggregation agreement. It then could hire a consultant company, such as Good Sense of Commercial Utility Consultants, to prepare bids and educate the public.
Municipal energy aggregation applies only to the supply portion of billing. Customers would still have the same utility company serve as their distributors (meaning the wires and infrastructure). Also, billing would still be done by the utility company.
Learn what energy aggregation would mean for you, in the Consumer Tools section of this website.View this News Release (external link)