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Burlington County Energy Aggregation Program.

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Presentation on theme: "Burlington County Energy Aggregation Program."— Presentation transcript:

1 Burlington County Energy Aggregation Program

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5  Government Energy Aggregation Act of 2003  Municipality Aggregation  N.J.A.C. Title 14:4-6.1 (2012)  Council must pass ordinance/resolutions  BPU/Rate Council Review  DCA Oversight of Auction Process

6  Municipality competes against the BPU BGS state default rate  Auction held with NJ licensed suppliers  Winning supplier is chosen (must be lower than utility rate)  Auction results compared against utility default rate  Rate is locked in for the term  100% price guaranteed – always be lower than utility’s rate

7  Auction was held on 6/14/2016  Participating municipalities include: Cinnaminson, City of Burlington, Florence, Lumberton, Moorestown, Palmyra, Southampton, Riverside, Woodland, Wrightstown  Results: Atlantic City Electric $0.08793 vs $0.10073 (avg. default rate) JCP&L $0.08793 vs $0.1096 (avg. default rate) PSE&G $0.11935 vs $0.12515 (avg. default rate)

8  You will receive a letter explaining the program, the supplier’s information, the reduced rate and response options  Program only includes those who are not currently with a third party electric supplier  This form letter developed by the BPU provides: All program information Notifications methods Mail return, 800#, Website

9  Utility will send a switch over letter confirming participation  The letter will come directly from utility and will confirm your exact start date with the supplier.  Begin receiving reduced rate with utility’s rate compared right on monthly bill

10 Your monthly price to compare is $0.1041/kWh

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13  Who do I call if my electric goes out?  Will I be penalized if I do not become part of the program?  Will there be a different or two separate bills?  Does this hurt the utility company?  Who do I call with billing questions?  If I cancel can I resume participation?  Is budget billing offered?  What if I already have a Third Party Supplier?  Why do I have to respond in order to not participate?

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