[By referendum, 11-2-2021]
The Township of Teaneck hereby establishes a Community Energy
Aggregation Program for residential and nonresidential customers,
in accordance with the provisions of the Government Energy Aggregation
Act, N.J.S.A. 48:3-93.1 et seq., and the rules promulgated thereunder,
N.J.A.C. 14:4-6.1 et seq.
[By referendum, 11-2-2021]
The Township shall be the lead agency and any agreements entered
into in connection with the Community Energy Aggregation Program by
authorized personnel shall be subject to review by the Township.
[By referendum, 11-2-2021]
(a) The
Mayor of the Township ("Mayor") shall be and is authorized to execute,
and the Clerk to attest to, the execution of an electric distribution
aggregation agreement, in a form acceptable to the Township, with
PSE&G.
(b) Pursuant to the terms and conditions of the Government Energy Aggregation Act and the rules promulgated thereunder, and specifically N.J.A.C. 14:4-6.2, the Township shall oversee the Community Energy Aggregation Program (CEA) as lead agency and, in that capacity, and consistent with applicable rules, shall solicit requests for proposals for electric generation service and energy aggregation services on behalf of the Township' s residents and businesses. The Mayor may execute and enter into a contract for such services, subject to §
13A-3(c) and
(d), and provided that the lowest qualified bid price for electricity generation service is consistent with N.J.A.C. 14:4-6.9 and notice is provided to residential customers should the price exceed the bench mark price, as required by N.J.A.C. 14:4-6.9(g). Pursuant to the regulations of the Government Energy Aggregation Act, a public notice of the CEA will be issued whereby nonresidential energy consumers may opt into the CEA and residential customers may opt out
(c) The
CEA must be fully implemented within one year of the passage of this
chapter. Request for proposals for electricity generating services
must state that no contract will be awarded unless it has an option
for customers to opt up to 100% renewable electricity and a minimum
percentage of renewable electricity for all program participants of:
(1) Fifty
percent from program inception through December 31, 2021;
(2) Sixty
percent from January 1, 2022 through December 31, 2023;
(3) Seventy
percent from January 1, 2024 through December 31, 2025;
(4) Eighty
percent from January 1, 2026 through December 31, 2027;
(5) Ninety
percent from January 1, 2028 through December 31, 2029; and
(6) One
hundred percent after December 31, 2029.
(d) The renewable electricity attributes for the CEA will be NJ PJM renewable energy credits from the current calendar year, unless the municipality opts to enter into a power purchase agreement with a solar or wind energy provider to provide both energy and attributes together to meet some or all of the requirements of §
13A-3(c). The Mayor may not execute and enter into a contract for electricity generating services unless it meets the renewable percentages specified in §
13A-3(c).
(e) The
Mayor may also execute a master performance agreement that obligates
the participants in the CEA to purchase electricity at terms and conditions
stated therein with a third-party supplier who has been awarded the
contract by the Township on behalf of participating members of the
CEA, and provided that such contract shall be at prices reasonably
forecast and estimated by the Township to provide for basic generation
service by PSE&G.