Program News & Info

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TOWN CENTER

Here we have provided you with the latest program news and info to help keep you up to date with NJ Aggregation. You can also find relevant program doucments.

Government Energy Aggregation Program

Welcome to the Residential Energy Aggregation webpage for the Monmouth-Ocean Area Energy Cooperative (MOAEC). On this page you will find information specific to the MOAEC program. Feel free to browse the rest of our site for other general energy aggregation information.

The program is available to residents in participating municipalities of the Borough of Farmingdale, the Township of Ocean (Ocean County), the Borough of Lake Como, the Borough of Manasquan, and Point Pleasant Beach beginning in June 2019. The program rate is $0.0886/kWh through November 2019.


Important Dates

Please come out and join us at an upcoming informational session to learn more about this important program.

Monday, April 8, 2019

4:00 p.m. and 7:00 p.m.


Borough Hall
located at 11 Asbury Avenue in Farmingdale, New Jersey

Tuesday, April 9, 2019

10:00 a.m.


Greenbriar Oceanaire
located at 1 Heritage Circle in Waretown, New Jersey

4:00 p.m. and 6:00 p.m.


Borough Hall
located at 1740 Main Street in Lake Como, New Jersey

Wednesday, April 10, 2019

4:00 p.m. and 7:00 p.m.


Borough Hall
located at 201 East Main Street in Manasquan, New Jersey

Monday, April 15, 2019

10:00 a.m.


Pebble Beach Senior Center
located at 239 11th Street in Waretown, New Jersey

4:00 p.m. and 6:00 p.m.


Waretown Fire Station
located at 50 Railroad Avenue in Waretown, New Jersey

Tuesday, April 16, 2019

4:00 p.m. and 6:00 p.m.


Borough Hall
located at 1740 Main Street in Lake Como, New Jersey

Wednesday, April 17, 2019

4:00 p.m. and 6:00 p.m.


Borough Hall
located at 416 New Jersey Avenue in Point Pleasant Beach, New Jersey

PROGRAM DETAILS

Learn about this program and how it can help reduce the cost of your energy bill.
  • What is energy aggregation?

    Government Energy Aggregation (GEA) is a program that came from the passing of the Government Energy Aggregation Act of 2003 by the New Jersey Legislature. This law gave municipalities and counties the ability to aggregate the energy usage of the residential and non-residential ratepayers to conduct a bulk bid or auction in an attempt to get the lowest possible price at that given time in order to maximize the benefits of deregulation to the participants. These benefits include a lower utility cost and an increased number of suppliers to choose from within New Jersey. If a government entity, such as your municipality, chooses to establish this program on your behalf, an RFP will be sent to every third party supplier in New Jersey that is licensed with the Board of Public Utilities. Your municipality is utilizing an independent Consultant to implement a procurement process for a third party supplier to provide energy supply to its residents.

  • How does the program work?

    • This program covers only the power supply portion of your electric bill.

    • The delivery and distribution of electricity under this program will continue to remain the same, through the regulated utility that serves your home.

    • New Jersey’s Retail Choice regulations allow you to purchase power supply from a third party supplier. Most residential electric customers in the State have not switched to a third party supplier; therefore they obtain their power supply from their Local Distribution Company.

    • The municipality has engaged an independent consultant to collect energy usage information, prepare bid specifications, and seek pricing from third party suppliers through a public bid process.

    • All municipality residents are automatically included in the Aggregation program unless they have already chosen a third party supplier.

    • The program will leverage the bulk purchasing power of all of the municipality’s residents to obtain power supply that is less expensive.

    • Although all residential customers in the municipality not currently purchasing from a third party supplier are automatically included in the program, a resident may “opt-out” of the program if they wish to.

    • The local utility will continue to handle your account, addressing any outages and maintaining service. The only change is the billing and cost of the energy provided.

  • Overall, how does the program benefit the residents?

    The program ensures that they will receive a rate that is lower than what the local utility is currently charging them. It will also give them increased protection in obtaining a third party supplier by eliminating all the confusing fine print. It forces the third party suppliers to compete for your business on an even playing field by giving everyone a price on a larger amount of energy on the same date under the same terms and conditions that are dictated to them through our RFP criteria, rather than them dictating to you what the terms of the contract will be. These criteria can also include a higher percentage of “green” renewable energy that will help create a cleaner environment.

How Can We Help?

Please continue to check back on this site for additional information. You can also reach out to one of our representatives by clicking the link below.

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