[Added 4-18-2018 by Ord.
No. 1607]
The Borough hereby establishes 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.
[Added 4-18-2018 by Ord.
No. 1607]
The Mayor and/or Acting Mayor is authorized to execute and the
Clerk and/or Acting Clerk to attest to the execution of an electric
distribution aggregation agreement, in a form acceptable to the Borough,
with JCP&L.
[Added 4-18-2018 by Ord.
No. 1607]
The Borough Council will act as lead agency of the KCEA[1] and, in that capacity, and consistent with applicable
rules, will solicit proposals for electric generation service and
energy aggregation services on behalf of Borough residents and businesses,
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.
[1]
Editor's Note: The preamble of Ord. No. 1607 defines
"KCEA" as the "Keansburg Community Aggregation Program."
[Added 4-18-2018 by Ord.
No. 1607]
As lead agency the Borough Council will execute a master performance
agreement that obligated the participants in the KCEA 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 KCEA, and provided that such contract
shall be at prices reasonably forecast and estimated by the Borough
Council to provide savings to participants relative to the price charged
for basic generation service by JCP&L.
[Added 4-18-2018 by Ord.
No. 1607]
The authorization provided to the lead agent shall be valid
until May 1, 2023 (the "effective period"), at which time the KCEA
will be subject to renewal at the discretion of the Borough Council.
