energy aggregation

Good Energy has secured agreements in several towns to form the New Jersey Government's largest energy aggregation programme in the state.[quote] Good Energy is a consultant in New Jersey’s government led energy aggregation programme, which combines and leverages the energy purchasing power of nearly 36,000 households. [Con Ed launches community energy aggregation programme]

The programme enables lower monthly costs by having Third Party Suppliers (TPS) competitively bid to supply electricity to the three communities - Gloucester and Winslow Townships and the Borough of Somerdale.

Mayor Gary Passanante of the Borough of Somerdale, New Jersey, said: “In early 2014, we recognized the value in aggregated energy purchasing for our residents. Good Energy has worked with us since that time to ensure that we would obtain the best possible savings for our constituents.

“We are grateful for the efforts of Good Energy executives in finalizing a bid for energy aggregation for the residents of our community. This allows over 2,000 of our households to leverage energy purchasing power to lower their monthly energy costs and empowers our municipality’s electricity buying options.”

Extending benefits of energy aggregation

According to a company release, the GEA empowers local governments to create large electricity buying groups in pursuit of cheaper and more stable energy supply rates. Government legislation ensures that benefits of energy deregulation are passed onto residential account holders. This is done by “allowing local governments to aggregate energy accounts within their municipal boundaries in order to obtain competitive bids from third party suppliers.”

Charles de Casteja, managing partner and director of Sales, Good Energy, said: “Our three town, New Jersey aggregation program is offered to 35,969 households for 14 months.

“We expect a 90-95 percent enrollment rate which will bring our annual energy supply cost savings to approximately US$2.7 million based on the current utilities’ prices-to-compare. We are grateful to the town officials who diligently worked to make this program a reality and proud to put nearly US$3 million back into the pockets of New Jersey residents who are participating in this programme.”

 

Image credit: www.circularenergy.com