Energy Aggregation Eases Sticker Shock

According to an article posted July 16th in the Asbury Park Press, Jackson township residents may be close to saving 15 to 18 percent, or upward of $200, per year on their electricity costs. These would be welcome savings in the community.

These savings will come from government energy aggregation, which allows municipal leaders to combine the energy needs of all residents together, allowing them to negotiate for lower electricity supply rates on the open market. Though government energy aggregation was authorized in 2003 by the Government Energy Aggregation Act, it has only been in the last few years that aggregation has been a real option in the state.

Officials are close to entering into either a one or two year contract with Good Energy, an energy management and consulting firm that specializes in government energy aggregation. Plumsted and Toms River recently began government energy aggregation programs of their own, and representatives from Brick and Lakewood are in similar discussions.

These government energy aggregation programs are run on an opt-out basis, meaning that residents are not required to do anything in order to enjoy substantial savings available. For residents who do not wish to participate, the process for not participating in the program is also extremely easy. Several opportunities will be presented to residents, who will simply need to sign a form and mail it back.  They are then excluded from the program.

This is an opportunity for township officials to save their residents money without any costs to either the residents or the municipality. It is a truly great deal for all involved.

If you would like more information about government energy aggregation, click here. For the full article, see below.