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 Monmouth Ocean Area Energy Cooperative (MOAEC) Energy Aggregation Program’s current contract term will be ending with meters on or after November 30, 2021. Residential customers in the participating municipalities of the Borough of Farmingdale, the Borough of Lake Como, the Borough of Manasquan, the Township of Ocean (Waretown) and the Borough of Point Pleasant Beach who did not opt-out of the program or contract with a different third party energy supplier began receiving their electricity supply through IDT Energy in June 2019.
In an effort to provide continued savings to residents participating in the energy aggregation program, the MOAEC went out to energy auction on September 22 and October 20, 2021. Unfortunately, pricing received at the time of the auctions was higher than the current BGS rate with JCP&L, so the program cannot be continued after the current contract ends on November 30, 2021. Therefore, participating residents will be reenrolled with the BGS through JCP&L and ACE unless they select an alternative supplier.
Residents currently participating in the MOAEC energy aggregation program will receive a letter from their municipality or the MOAEC notifying them of their return to the Basic Generation Service and a switchover confirmation letter from JCP&L or ACE. Residents participating in the MOAEC energy aggregation program have collectively saved over $538,000 since the cooperative was established in June 2019.
The MOAEC anticipates soliciting bids again in Spring 2022. Residents should call the program’s energy consultants at 866-688-5197, option 3, with questions and for program updates.
June 1, 2020
program rate reduced to $.0869/kWh
November 30, 2021