[History: Adopted by the Council of the Township of Monroe 8-5-13 by Ord. No. O-8-2013-012. Amended 5-3-2021 by Ord. No. O-3-2021-004. Further amendments noted where applicable.]
There is hereby re-authorized a Government Energy Aggregation Program, in accordance with the provisions of the Government Energy Aggregation Act, N.J.S.A. 48:3-93.1 et seq.
The Township Council will act as Lead Agency of the MCEA and, in that capacity, and consistent with applicable rules, will solicit proposals for electric generation service and energy aggregation services on behalf of Township residents, and enter into a contract for such services provided that the lowest qualified bid price is below the prevailing price for utility provided basic generation service.
As Lead Agency, the Mayor is authorized to execute and the Township Clerk is authorized to attest to the execution of a master performance agreement that obligates the participants in the MCEA to purchase electricity at terms and conditions stated therein with a third-party supplier who has been awarded the contract by the Lead Agency on behalf of participating members of the MCEA, and provided that such contract shall be at prices reasonably estimated by the Township Council to provide savings to participants relative to the price charged for basic generation service by JCP&L.
The authorization provided to the lead agent shall be valid until May 31, 2023 (the "effective period"), at which time the MCEA will be subject to renewal for an additional two-year period at the discretion of the Township Council.