About 36,000 homes in three south New Jersey towns can save millions in energy costs with a new Government Energy Aggregation (GEA). Through this program, New York-based energy consultant Good Energy will negotiate lower energy rates for Gloucester Township, Winslow Township and Somerdale.
“It’s very exciting to be able to reach across borders and work together for the good of our residents,” says Gloucester Township Mayor David Mayer. “We’ve used the collective buying power of our households to negotiate a 7.5 percent to 9 percent reduction in energy costs each month for our communities.”
Together, the three communities represent the largest Government Energy Aggregation (GEA) in New Jersey and may save a combined $3 million per year in energy costs. Many households will see savings of about $100 per year.
“In early 2014, we recognized the value in aggregated energy purchasing for our residents,” says Somerdale Mayor Gary Passanante. “This deal 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.”
As the industry-leading consultant for GEAs, Good Energy will become the energy supplier for the townships, seeking competitive bids from third party suppliers to provide electricity to the three communities. Like other GEA programs, residents may opt out and return to the original energy supplier. Customers in the GEA will continue to receive bills from either Atlantic City Electric of PSE&G and rely on local energy company for service issues.
With the New Jersey towns, New York-based energy consultant Good Energy now represents more than 600,000 households in over 200 energy aggregation programs.