August 9, 2013 at 12:14 AM
WEST ORANGE, NJ - West Orange residents are invited to attend a public information meeting on the West Orange Community Energy Aggregation program at the Edison Middle School Auditorium on Wednesday, Aug.14, at 7 p.m.
The WOCEA is a new township initiative that will reduce residents' monthly costs on home and business power bills.
Through the aggregation program, the township will be able to negotiate a “bulk purchase” energy supply for its residents at a lower cost than the average PSEG utility bill. The possibility also exists to provide residents with higher renewable energy content among other options. This state-approved regulation allows the township to negotiate on behalf of its residents and provide savings in the process. Gabel Associates, hired by the township at no cost to the taxpayer, will implement the Community Energy Aggregation Program in West Orange.
Some of the details of the program include:
The township will only enter into a contract for a bulk power supply agreement if the cost is lower than PSEG.
Residents currently obtaining their power supply from PSEG will automatically be included in the new program but can "opt out" if they do not want to participate. A letter will be mailed out to all residents informing them of their choice to "opt out" once the new provider is selected. the same will apply to businesses.
Residents currently obtaining their power supply from another third party supplier will automatically be included in the new program but can "opt out" if they do not want to participate. The "opt out" option is determined by state law, so that residents much opt out rather than "opt in" to such a program.
Current state residential suppliers are in a position to offer monthly budget payments, the same as PSEG. The township will require that the selected supplier will offer budget billing.
PSEG will continue to provide service, and residents would continue to call PSEG in the event of service issues. Residents will receive a monthly bill from PSEG. The township estimates that residents should see a minimum of a 5 to10 percent savings on their energy bills.