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 Aggregation Cooperative Energy Aggregation Program’s contract term ended in December 2021, at which time all residential accounts enrolled in the program were returned to the state’s Basic Generation Service (BGS) in JCP&L and Atlantic City Electric territories. Savings to residents through the program totaled over $530,000 between June 2019 and December 2021.
In an effort to provide continued savings to residents, the MOAEC went out to energy auction in September and October 2021, June 2022, and September 2023. Unfortunately, pricing received at the time of the auctions was higher than the BGS rate with JCP&L and Atlantic City Electric, so the program could not be continued.
Participating members in the MOAEC include the Borough of Farmingdale (Lead Agency for the cooperative), the Borough of Lake Como, Manasquan Borough, Ocean Township (Ocean County), and Point Pleasant Beach Borough.
The MOAEC anticipates soliciting bids again in Spring 2024. Residents can always call the program’s energy consultants at 866-688-5197, option 3, with questions and for program updates.