[HISTORY: Adopted by the Mayor and Council of the Borough of Red Bank 4-24-2019 by Ord. No. 2019-17. Amendments noted where applicable.]
The Borough publicly declares its intent to become an aggregator of electric power on behalf of its residential users of electricity pursuant to the Government Energy Act of 2003, N.J.S.A. 48:3-91.3 to 48:3-98 and implementing regulations.
The Borough will utilize approved vendors Commercial Utility Consultants, Inc., and Concord Engineering Group dba Concord Energy Services pursuant to the New Jersey E-Procurement Pilot Program (P.L. 2001, c. 30) under the New Jersey Department of Community Affairs. The reverse energy auction will seek bids from licensed and appropriate third-party suppliers. If such winning bid is selected and agreement executed, individual residential consumers would retain the option not to participate and to choose any alternatives they desire.
The Mayor and Borough Clerk are hereby authorized and directed to execute any documents necessary to carry out the purpose of this chapter.
All ordinances and parts of ordinances inconsistent herewith are hereby repealed.
If any portion of this chapter shall be deemed invalid by any court of competent jurisdiction, the remainder shall survive in full force and effect.
This chapter shall be effective immediately upon adoption and publication in accordance with law.