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Township of Monroe News

Monroe Residents Currently Saving 12% on Electric Bills This Winter Through Township Energy Aggregation Program

 Mayor Dalina says Monroe customers have saved approximately $15 million since program inception

MONROE TOWNSHIP, N.J.  – February 12, 2021 – In Fall 2019 the Monroe Township Council locked in the lowest fixed electric rates to date for the Monroe Township Community Energy Aggregation (MTCEA) program by approving a contract with Constellation New Energy (CNE) for Round Four of the MTCEA.  The contract with CNE began in December 2019 and runs for a 24-month term that ends in December 2021.

“Monroe Township is a pioneer in New Jersey when it comes to municipal energy aggregation and leveraging bulk purchasing to guarantee lower energy rates for our residents,” said Mayor Stephen Dalina.  “The MTCEA program saved residents approximately $13 million in the first six years of the program under Rounds 1 through 3 and participating residents are seeing even more savings now. Our residents can expect to see a reduction of more than $250 over the life of the MTCEA Round Four contract 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 rate, which took effect in December 2019, represents an approximate 12 percent savings off the prevailing JCP&L tariff price during winter months when consumption, particularly for all-electric households, is at its height.