[Adopted 2-9-2022 by Ord. No. 3890]
The Village 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.
The Mayor is authorized to execute and the Village Clerk to
attest to the execution of an Electric Distribution Aggregation Agreement,
in a form acceptable to the Village, with PSE&G.
The Ridgewood Village Council will act as Lead Agency of EAGER
and, in that capacity, and consistent with applicable rules, will
solicit proposals for electric generation service and energy aggregation
services on behalf of Village residents and enter into a contract
for such services provided that the lowest qualified bid containing
renewable content in the power supply is above the basic generation
supply of the current default supplier.
As Lead Agency, the Ridgewood Village Council will authorize
the execution of a master performance agreement that will obligate
EAGER participants to purchase electricity upon terms and conditions
stated therein with a third-party supplier to whom the Lead Agency
has awarded the contract on behalf of participating EAGER members,
and provided that such contract shall be at prices reasonably forecast
and estimated by the Ridgewood Village Council to provide savings
and increased renewable content in the power supply, relative to PSE&G
basic generation service.
The authorization provided to the Lead Agency shall be valid
until March 12, 2025 (the "Effective Period"), at which time the EAGER
Program will be subject to renewal at the discretion of the Ridgewood
Village Council.
All ordinances or parts of ordinances inconsistent herewith
are hereby repealed.
If any section, subsection, sentence, clause, phrase or portion
of this article is for any reason held to be invalid or unconstitutional
by a court of competent jurisdiction, such portion shall be deemed
a separate, distinct and independent provision, and such holding shall
not affect the validity of the remaining portions hereof.
This article shall take effect immediately upon final passage
and publication according to law.