Township of Monroe

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Monroe’s Energy Aggregation Program Heads for Third Cycle

05/08/2017

FOR IMMEDIATE RELEASE
May 4, 2017

Monroe’s Energy Aggregation Program Heads for Third Cycle

 

MONROE – A third round of Monroe’s energy aggregation program is ready to begin.

Since 2013, the program has reduced participating residents’ energy bills by locking in lower electric rates through the power of bulk purchasing.

At the May 1 Township Council meeting, the Township took the first step by reauthorizing the program, as required by State law.

“Monroe was one of the first municipalities in the State to establish an energy aggregation program,” said Mayor Gerald W. Tamburro. “In its first four years of operation, Monroe residents have saved approximately $9 million.”

Currently, the Township has a contract with TriEagle Energy, a company that provides electricity at a fixed price of $.08992 kilowatt hours.  That rate represents a 12-percent savings when compared to the tariff price of the local competitor, JCP&L.  Their contract expires December 1, 2017.

“During my time on the Council, residents have saved hundreds of dollars through this program,” said Councilman Michael Leibowitz. “In a world where costs seem to exponentially rise, it’s a rare case when you can tell a constituent that their expenses are decreasing.”

In fact, Monroe’s average residential customer saved approximately $600 since the program’s inception.

“Nearly half of Monroe’s population is seniors, many of whom are living on fixed incomes,” said Councilwoman Elizabeth Schneider. “The savings are even greater for individuals living in all-electric houses, a setup that’s incredibly common in some of our active adult communities – Clearbrook, Concordia and Rossmoor.”

The Township will seek bids from qualified firms this summer and share more information with residents in early fall. 

For more information on this cost-saving program, contact Harold Klein at 732-521-4400 or email hklein@monroetwp.com.

For further details, contact Monroe Township’s Public Information Officer Maria Prato at 732-521-4400 or mprato@monroetwp.com.

 

 

Valid from 05/08/2017 to 05/31/2027


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