West Orange Contract for Energy Aggregation to Save 1.8 Million for Township and Residents
Friday, December 13, 2013 • 12:47am
WEST ORANGE, NJ - The West Orange Township Council passed a resolution on Dec. 3 to award a power supply contract to Con Edison Solutions to provide (electric) power supply to township residents for a 21-month period beginning in March 2014.
The contract is expected to generate nearly 8 percent savings right away over PSE&G's current charges. Residents are expected to save $120 over the 21-month period with a total savings estimate of 1.8 million.
The contract award is the result of the West Orange Community Energy Aggregation (WOCEA) program that was presented to residents by the township in August. West Orange is one of small number of municipalities in the state to award a power supply contract under the Government Energy Aggregation (GEA) Act. The GEA Act gives municipalities the authority to undertake a bulk purchase of power supply on behalf of its residents.
Con Edison Solutions sets a fixed price per kilowatt-hour for power for 21 months. All residents not already being served under a third-party supplier contract are eligible. Budget billing can also be offered as an option.
According to Public Information Officer Jessica Glicker, "Participation by residents in the program is voluntary. All eligible residents will receive a mailing containing a program description and an ‘opt-out’ card. Before enrolled in the program they will have a 30-day period to decide if they wish to ‘opt-out’."
Con Edison Solutions is part of Con Edison, Inc. Con Edison Solutions is a licensed power supplier in 13 states, including New Jersey and provides retail electric supply services for more than 270,000 residential customers. They are knowledgeable in administering Government Energy Aggregation programs for residential customers in New Jersey, Massachusetts and Illinois.