Bloomfield Life Article on Energy Aggregation

The Bloomfield Life published this brief recap of my recent Town Hall meeting where we discussed the Government Energy Aggregation program that the Mayor and Township Council are creating to save Bloomfield residents money on their electric bills. This is a voluntary program from which residents will be able to opt-out at any time. Click "Read more" for the full article.

The Government Energy Aggregation (GEA) program was created over a decade ago by the NJ State Legislature to allow municipalities to negotiate lower power rates on behalf of their residents. This is a highly regulated program that is overseen by the NJ Board of Public Utilities and there are many safeguards built into the program to protect consumers.

The most important thing to remember is that if PSE&G is your current electricity supplier, you will never pay more for electricity under the GEA than you do to PSE&G - instead, you are likely to save money on your electric bills. The second most important thing to remember is that you can opt-out of the program at any time with no cost or penalty. If you change your mind later you can opt back in. Energy aggregation has already been implemented in a number of other New Jersey cities and towns and their residents are already enjoying the cost savings from the program.

http://www.northjersey.com/news/environment/bloomfield-officials-tout-energy-auction-plan-1.1022695#sthash.K174cgz3.dpuf

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