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e-mail: mayorrunfeldt@bolp.org
Morris Area Energy Cooperative
A number of residents who have participated in the Morris Area Energy Cooperative's Community Energy Aggregation Program and who have recently received a "Program Update" letter (attached), have expressed concerns that perhaps their electric service will be terminated. Please be assured that is not the case at all.
As most of you know, the goal of the Program is to obtain favorable electricity rates through an auction process that guarantees better rates than the participant would otherwise receive by purchasing electricity through JCP&L. In all cases the electricity, regardless of where it is purchased, is delivered by JCP&L and all billing is done by JCP&L.
As the contract with the current electricity provider, IDT Energy Inc. is expiring, the Program recently went out to bid, twice, in order to determine if better rates could be obtained. Unfortunately, energy prices have skyrocketed of late. Specifically, the price of natural gas, and coal, which account for approximately 60% of all electricity generation in the United States, has gone up dramatically. This all translates into higher wholesale electricity costs. None of the companies that submitted bids were able to adequately compete with the rates currently being offered, and projected in the near future, by JCP&L.
As a result, participants in the Program who had been receiving electricity from IDT Energy Inc., will be automatically returned to JCP&L, the less expensive option, as their electricity provider. There is nothing at all that needs to be done by the participant.
Our hope is that the energy market will improve sometime next year to the point where it makes sense to once again go out to bid. If at that item a favorable rate is obtained, you will be notified with all necessary information via US mail. If you have any questions or concerns at all, you may contact my office at any time for more information.
Mayor David Runfeldt
973-694-6100
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