Manchester Ending Energy Aggregation Program For Now

MANCHESTER, NJ — Manchester's energy aggregation program is coming to an end, at least temporarily, when its contract with TriEagle Energy runs out on June 30.

The energy aggregation program, which saved residents money because it included a negotiated price, is not being renewed because the price offered by TriEagle for a new contract does not offer a savings over Jersey Central Power & Light's price.

In a letter to residents, Manchester Mayor Kenneth Palmer said the contract with TriEagle would run out as of June 30.

"Manchester Township intends to solicit more bids in the fall," Palmer said. "If the rates are beneficial, both the council and I will move to enter into a contract. We recognize the cost savings the TriEagle contract provided to our residents, especially those fully serviced by electricity. However, we will not just enter into a contract for the sake of entering into a contract. The rates must support the decision."

Palmer said the township solicited bids in the early spring but none of them were "cost advantageous" compared to JCP&L rates. The township plans to seek new bids in the fall.

"If the rates are beneficial, both the council and I will move to enter into a contract," he said. "We recognize the cost savings the TriEagle contract provided to our residents, especially those fully serviced by electricity. However, we will not just enter into a contract for the sake of entering into a contract. The rates must support the decision."

He also warned residents that because the township's contract is running out, new companies are starting to solicit to replace TriEagle in the hope of signing them up quickly.

"Please be careful about signing your own individual agreement locking you into a contract that may be adjustable or for a higher rate than JCP&L is providing," Palmer said. "This includes renewing with TriEagle as they are not obligated to give you the same rates and terms as the township had negotiated.

If you are inclined to sign with your own energy provider, ask the following questions:

• Is the rate fixed or adjustable?
• If fixed, how long?
• If adjustable, how often does the rate adjust?
• How long is the overall contract?
• How does the proposed rate compare to JCP&L’s rate?

The township will look for a new rate that is 7 to 10 percent lower than the rate offered by Jersey Central Power & Light.

Palmer said the overall aggregation was positive.

"Despite a few customer service glitches, the program saved our residents legitimate money," he said. "As stated above, the town council and I are inclined to seek a second contract, but the terms must be right and the risk to our residents minimized. As this process progresses, we will keep you informed."

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