Government Energy Aggregation Program
The Morris Area Energy Cooperative (MAEC) Energy Aggregation Program’s current contract term will be ending with meter reads on or after November 30, 2021.
The Morris Area Energy Cooperative (MAEC) 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 Wharton (Lead Agency), the Borough of Bay Head, the Town of Dover, the Borough of Florham Park, Jefferson Township, the Borough of Lincoln Park, the Township of Long Hill, the Borough of Mendham, Mine Hill Township, the Borough of Mount Arlington, the Borough of Riverdale, Rockaway Borough, and the Borough of Union 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 March 2019.
In an effort to provide continued savings to residents participating in the energy aggregation program, the MAEC 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 and PSE&G, 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 PSE&G unless they select an alternative supplier.
Residents currently participating in the MAEC energy aggregation program will receive a letter from their municipality or the MAEC notifying them of their return to the Basic Generation Service and a switchover confirmation letter from JCP&L or PSE&G. Residents participating in the MAEC energy aggregation program have collectively saved over $2.6 Million since the cooperative was established in September 2015.
The MAEC 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.