Monroe Residents to Save 10% on Electric Bills this Winter
~ Mayor Tamburro says Monroe customers have saved $13 million since program inception ~
MONROE TOWNSHIP, N.J. – October 11, 2019 – Monroe Township Council locked in the lowest fixed electric rates to date for the municipal Community Energy Aggregation (MTCEA) program by approving a “Round Four” contract with a new provider, Constellation New Energy (CNE).
“Monroe Township is a pioneer in New Jersey when it comes to municipal energy aggregation and leveraging bulk purchasing to achieve lower energy rates for our residents,” said Mayor Gerald W. Tamburro. “The MTCEA program saved residents approximately $13 million in the first three rounds and we anticipate even more savings in Round Four. Our residents can expect to see a reduction of $150 for a typical household – more for those using large quantities of electricity or living in all-electric homes.”
As the lowest bidder, CNE proposed a set price of $.08395/kwh for the duration of a two-year contract. This new rate, effective December 1, 2019, represents a 10% percent savings over the JCP&L tariff price during winter months when consumption, particularly for all-electric households, is at its height.
Monroe Township’s electricity supply contract with South Jersey Energy under Round Three of the MTCEA program is scheduled to terminate in December 2019. The process for obtaining a replacement contract for Round Four of the MTCEA program was initiated with the release of a Request for Proposals dated August 6, 2019 with proposals due by Noon on September 4, 2019 for service starting in December 2019. Proposals from three qualified suppliers were presented and evaluated for consideration by Township Council.
The unanimous approval of resolution R-9-2019-245 by the Council, authorizes the Township’s energy agent, Gabel Associates, to award a contract to CNE to provide Monroe Township residents with electric generation services through the MTCEA program. Current participants will not have to take any action in order to continue with the program under the new provider.
The Township will hold two public information sessions to learn more about the program. The first session will be held on October 21 at 3:00 p.m. at the Senior Center located at 12 Halsey Reed Road and the second session will be held October 23 at 7:00 p.m. at the Municipal building located at 1 Municipal Plaza.
Established in 2013, the MTCEA program is conducted under State law and in accordance with the State Board of Public Utilities’ regulations. Current participation is approximately 14,500 households with Round Three savings estimated at $4 million. Residents seeking additional information should contact program coordinator Harold Klein at 732-521-4400, ext. 135.