Government Energy Aggregation Program
Welcome to the Residential Energy Aggregation web page 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.
MOAEC's current energy aggregation program began in June 2019 and provides a reduced electricity rate for residents in the Borough of Farmingdale, the Borough of Lake Como, the Borough of Manasquan, the Township of Ocean (Ocean County), and the Borough of Point Pleasant Beach. The current MOAEC program rate is $.0886/kWh.
Beginning with the first meter read on or after June 1, 2020, the program rate for the remainder of the current program term (through December 1, 2020) will be reduced from $0.0886/kWh to $0.0869/kWh. In addition to the reduction in the program rate, the program term is being extended beginning from the first meter read on or after December 1, 2020, for an additional 12 months until the first meter read after November 30, 2021.
Additional information is provided below under the headings "Program Details" and "Program Documents". Residents can also call 866-688-5197 to speak with a program specialist.
June 1, 2020
program rate reduced to $.0869/kWh
November 30, 2021