Government

Energy Aggregation: Is it Good Energy for Edison?

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EDISON, NJ - The Township Council heard a second presentation from Charles de Casteja, managing partner of Good Energy, LP, on Monday. The presentation surrounded potential savings from New Jersey Government Energy Aggregation, which is intended to save residents money by pooling their collective energy needs to negotiate better rates.

de Casteja provided an overview of the step-by-step process the Township Council needed follow. Part of the process would be an agreement between PSE&G and the township allowing them to release aggregate data as a step towards the energy bidding process. de Casteja emphasized that this agreement doesn’t release an individual’s data.

de Casteja referenced neighboring Woodbridge has entered into an agreement with PSE&G and are evaluating how they want to market awareness of energy aggregation to its residents. He further indicated that Woodbridge is looking for a collaborative approach with Edison since both are in the same region and with the market in a holding pattern this affords Edison the time to catch up and essentially pool their collective energy bidding power.

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Following de Casteja’s presentation, members of the public were invited to ask questions.

Esther Nemitz asked, “Are there any circumstances whether your plan is accepted or not, do I still I get a PSE&G bill and is the lower rate if they were to go with your program part of that or do I get a get a different bill from someone else?”

“One of the advantages of this program is utility consolidated billing; It will be a PSE&G bill with a simple line item, your supplied price is X, and your savings will be at the bottom of the bill. You will just get one bill,” replied de Casteja.

Nemitz asked further, “Does it matter that I’m a tenant, not a home owner?” In which de Casteja responded, “As long as you are paying (an electric bill) you would be included in the program.”

de Casteja made his first presentation to the town council on September 9, 2013 along with Phillip Carr, Business Development Director, Good Energy, LP who opened up the first presentation with a five-minute video about Good Energy Aggregation, featuring himself.

Good Energy touts on its website that it is an "objective" energy management consultant focused on saving customers money and increasing the value of their assets. Through their relationship with competitive utility companies they provide electricity supply and demand management services to customers across the country. Good Energy develops and implements aggressive and innovative savings programs tailored to the end user's patterns of electricity consumption. Their comprehensive electricity analysis services provide customers with the information needed to make intelligent and informed energy decisions.
 

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