Utility Advantage announced today that South Jersey Energy Company (SJE), a subsidiary of South Jersey Industries, Inc. (NYSE: SJI) was selected to deliver lower-cost electricity supply to residents of the Borough of North Plainfield, New Jersey in a 15-month agreement beginning September 2016.
The savings were achieved through a competitive bidding process that combined Borough facility and residential electricity needs under the North Plainfield Community Choice Energy Aggregation Program. Approximately 7,100 residential electric customer accounts of PSE&G were eligible to participate in North Plainfield.
“By combining needs, towns and their residents both win by reducing costs for their electricity supply,” said SJE Vice President Donna Schempp. “South Jersey Energy protects Boroughs, such as North Plainfield, by negotiating rates not typically available.”
This municipal energy aggregation program will reduce residents’ electricity supply costs by approximately 6% as compared to PSE&G’s average Basic Generation Service tariff rate for residential service. Laurie Wiegand-Jackson, President of Utility Advantage stated, “We are pleased to bring the residents a reliable and secure energy supply at a reduced rate through this government energy aggregation initiative from the Borough Council.”
SJE services will begin with meter read dates in September 2016 through December 2017. Residents are automatically enrolled if they have not already assigned their supply needs to another Third Party Supplier. Residents can also opt-out of the Choice Energy Aggregation program at any time without penalty or cancellation fee. Participants will continue to receive one bill from PSE&G that includes the itemized SJE reduced supply charges.
To learn more about government energy aggregation, visit the New Jersey Government Energy Aggregation website and Utility Advantage’s website at www.utilityadvantage.com
ABOUT UTILITY ADVANTAGE
Founded in 2003, Utility Advantage is a majority woman-owned business that provides energy consulting services covering a broad range of matters – from regulatory consulting to energy efficiency project design and implementation. The company is led by Laurie Wiegand-Jackson, an energy industry expert with over 25 years of industry experience and the company’s founder. Utility Advantage relies on this expertise and the experience of its team in the regulatory, utility, renewable energy and energy solutions sectors. The team brings extensive experience in energy markets across the USA working with both public and private sector clients. For more information about Utility Advantage visit their website at www.utilityadvantage.com
About South Jersey Energy
South Jersey Energy Company acquires and markets natural gas and electricity to retail customers throughout New Jersey. As a business partner and Energy Advocate, SJE provides innovative, environmentally-friendly commercial and industrial energy services that help customers control energy costs. For more information about SJE, visit www.southjerseyenergy.com
