UPDATED 5/16: Sustainable Essex Alliance Renewable-GEA (SEA R-GEA) Program Info
Published on May 03, 2019 at 02:00p.m.
Dear Verona Township Resident:
In 2018 the Township of Verona, together with neighboring Essex County communities Glen Ridge, Maplewood, Montclair and South Orange, came together to form the Sustainable Essex Alliance Energy Procurement Cooperative (SEAEPC), a joint purchasing initiative with the goal of using bulk purchasing power to procure electric power supply on behalf of Township residents at a lower price, and with a higher renewable content, than power supply provided by PSE&G. This program has been named the Sustainable Essex Alliance Renewable Government Energy Aggregation (“SEA R-GEA”). In April 2019, Verona and fellow participating municipalities solicited price proposals from competing suppliers in the hopes of awarding a beneficial contract for its residents.
We are pleased to inform you that, as a result of a recent competitive bid process, a contract was awarded to the low bidder, Direct Energy Services, for a 17-month contract beginning in July 2019 for residents of Verona as well as residents of the other participating Essex County municipalities listed above, who are located in PSE&G territory. The new contract with Direct Energy Services will provide electric supply that has approximately double the renewable content of standard energy supply currently provided by PSE&G, at a price that is more than 10% lower than the current tariff price being paid by those residents currently receiving supply through PSE&G. Even with an expected drop in PSE&G tariff prices later this year the contract is projected to save the typical participating resident about $150 over the 17-month contract term, with a substantially higher renewable energy content, and with no change to the level of service.
Direct Energy Services is an electric supplier licensed by the State of New Jersey, has been in business for nearly 20 years, and has experience serving tens of thousands of residential customers through energy aggregation programs like the SEA R-GEA. If you do not wish to participate in the SEA R-GEA program for any reason, you are welcome to opt-out by following the instructions provided in the Program Summary on the reverse side of this Notice. If you do not opt-out of the SEA R-GEA program, you will also receive a notification from PSE&G in June that your account is being enrolled with the new SEA R-GEA supplier, Direct Energy Services, effective with the July 2019 meter read.
For residents seeking additional information, the Township has scheduled a Public Information Session, taking place at 7:00 p.m. on May 15, 2019 at the Verona Community Center Annex Building, 880 Bloomfield Ave., Verona, NJ. The Annex Building is located behind the main Community Center building, and the meeting will be held on the 2nd Floor. Further information about the program can also be found on the Township’s website.
If you have specific questions about the program and are unable to attend the Public Information Session, you can reach out directly via telephone or email to the Township’s energy consultant, Gabel Associates, or to Direct Energy Services, who have the expertise and resources to help you and whose contact information is provided in the enclosed program materials.
The energy aggregation program is only for the energy supply portion of your electric service. The delivery portion will continue to be provided by PSE&G at regulated rates and PSE&G will continue to provide all emergency and safety services. PSE&G will also continue to provide customer services such as meter readings, billing and service restoration. If you are on a PSE&G budget billing plan, you will continue to receive that service. Please take the time to read the enclosed materials and familiarize yourself with this program.