PSE&G Customers In Moorestown Using Energy Aggregation Program Will Receive Credit For Higher Charges

MOORESTOWN, NJ — Moorestown entered into Burlington County’s Energy Aggregation program in June with the promise that residents would save money on their electric bills.

To date, the program has saved residents $80,722 on their September energy bills, the township said via Facebook on Monday. PSE&G customers saved $74,338, while Atlantic City Electric customers saved $6,383 and JCP&L customers saved $4,133.

However, in October and November, PSE&G’s rate was lower than the TriEagle supply rate obtained through the county. Township officials said this is due to a PSE&G reconciliation charge that temporarily lowered its customers’ rates.

In order to keep rates through the program lower than the local rates, as promised, Moorestown says it has worked with TriEagle to ensure PSE&G customers receive a credit for the difference.

These credits will appear on residents’ next utility bills under the supply portion of the bill, labeled as “MISC Adjustment.”

“We anticipate as the weather gets colder, the PSE&G monthly reconciliation rate charge will adjust back to the historical averages and the County’s Program rate with TriEagle will continue to be below the average, like it was in September, providing additional savings to our residents,” township officials said. “In an effort to assist you with these questions, you may contact the Energy Aggregation office directly with any questions and concerns at 1-855-200-2648.”

As part of the program, all Burlington County municipalities participating give a company — in this case TriEagle — permission to be the energy supplier for all of these households. Each customer will still receive a bill from their current electric company.

They will continue to call their local electric company in case of an outage, and generally never notice any change.

However, the energy supplier changes, and the program is designed to help the townships save money. The theory is the bigger the group, the bigger the savings, and that the government program is able to get a better price than individuals are.

The way the program is set up is that the group enters into the plan, and individuals then have the option to leave, or “opt out of” the program by calling the supplier directly.