[Ord. No. 622-13]
The Borough publicly declares its intent to become an aggregator of electric power and natural gas on behalf of its residential and nonresidential users of electricity and natural gas pursuant to the Government Energy Act of 2003, N.J.S.A. 48:3-91.3 to -98, and implementing regulations.
[Ord. No. 622-13]
The Borough will utilize Commercial Utility Consultants' Reverse Energy Auction Platform pursuant to the NJ E-Procurement Pilot program (P.L. 2001, c.30) under the NJ 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, while nonresidential ratepayers would also have the right to participate.