Middletown Enters New Renewable Municipal Energy Contract

MIDDLETOWN, NJ — On Tuesday, Middletown Township announced it has entered into a renewable energy agreement through Tradition Energy, one of the nation’s largest independent energy risk management and procurement advisors.

Middletown says the new electric energy contract uses renewable energy, and is 10 percent cheaper than the previous contract. The new arrangement will offset 100 percent of the Township’s conventional energy usage, and reduce costs, said Middletown Mayor Tony Perry.

Historically, Middletown Township purchased its energy through a local aggregation group. At the time, low rates were achieved by aggregating multiple municipality energy loads, but there was less flexibility.

"Tradition offered Middletown a better alternative by giving us the ability to react quickly to market opportunities or pursue unique goals such as purchasing renewable energy and constructing on-site solar generation on our land," said Township Administrator Tony Mercantante.

“This new electrical energy arrangement will save the Township 10 percent versus our previous contract, and at the same time move our percentage of renewables for electricity from 25% to 100%,” said Mayor Perry. “Not only are we excited to secure these savings for taxpayers, but we’re also able to achieve a major environmental win for our Township.”

Middletown announced the new arrangement to time with Earth Day, which is Wednesday, April 22.

“Middletown Township has achieved what more and more municipalities are learning – you can have it all – both meet your renewable energy goals and reduce your costs,” said Alan Kurzer, CEO, Tradition Energy. “Our hats are off to the hard work everyone did to make this procurement victory possible for the Township.”