Mayor James R. Barberio’s proposal to save Township residents millions of dollars in energy costs was approved by the Township Council Tuesday night. Mayor Barberio proposed that the Township engage the firm of Gabel Associates, at no cost to the Township, to take the steps necessary to implement a government energy aggregation program (“GEA Program”) for the purchase of electricity. That program could save residents in excess of $150 annually on their individual electricity bills, resulting in yearly savings in excess of $3 Million for Parsippany’s residents.
This program has been a success in Plumstead Township, where participant residents saved an average of 10% off their overall electricity bills. It is being picked up by more and more municipalities who, like Parsippany, are looking to provide added benefit to their residents in these tough economic times.
Mayor Barberio commented, “We are pleased to be able to provide this opportunity to our residents to reduce their monthly electricity bills. Based on current estimates, the GEA Program could save over $3 million across the Township in the first year alone.”
The GEA Program provides an opportunity for savings without infringing on individual resident choices. If residents are already using a third party supplier, they can continue to be served by that supplier, and any resident may opt-out of the GEA Program at any time through either a telephone call or short online form. This program will only be offered if there is a savings to Parsippany residents. It is required by law and it is in the Gabel proposal.
Residents would continue to contact JCP&L for any customer issues and will continue to receive a single electricity bill from JCP&L, as JCP&L will continue to own and operate the transmission lines and equipment.
For further information on the Government Energy Aggregation Program or the Township of Parsippany-Troy Hills, Business Administrator Jasmine Lim can be reached at (973) 263-4391 or [email protected].