Mayor Yaede Proposes 2nd Stage of Hamilton’s Energy Aggregation Program
Community-Wide Savings Could Total $3 Million; Average Resident Would Saving $90 Over 15-Month Period
As a community, Hamiltonians could save upwards of $3 million with full participation by eligible residents under a 2nd stage of Hamilton’s Energy Aggregation Program, which Mayor Kelly Yaede has proposed to the Township Council.
Under the new installment of the program, Constellation NewEnergy – which submitted the lowest electric supply price – would provide residents electricity at a price about 12% lower than the local utility’s (PSE&G) electricity supply price (known as the price-to-compare), and more than 6 percent below the projected PSE&G price over the 15-month term of the contract.
If approved, over the 15-month contract the average resident would save an estimated $90 (although each customer’s usage would determine their respective savings). This new stage of the program would start this June and continue to September of 2020.
Previously, Hamilton’s 1st stage of its Energy Aggregation Program achieved a community-wide savings for participating residents of over $1 million (compared to what participating residents would have paid for electricity supplied by PSE&G over the same time period).
“This program offers many of our residents an opportunity to save on their electricity cost, which is why I have proposed a second stage of this program,” explains Mayor Kelly Yaede.
Eligible residents would have the opportunity to opt-out if they do not wish to participate (similar to the 1st stage of the program).
If approved, further information will be available at HamiltonNJ.com/Energy and subsequent notification mailings would be send to eligible residents prior to the start of the program’s new stage.
Informational Links for 2nd (Current) Stage Beginning in June 2019
Informational Links for 1st (Prior) Stage of Program
Public Notice for Residents Participating in Hamilton Community Energy Aggregation Program (April - May 2018)
Letters from PSE&G Confirming Change in Energy Supplier Beginning in Mid-February
Hamilton Community Energy Aggregation Program Frequently Asked Questions Guide
Overview Video by Mayor Kelly Yaede
Energy Aggregation Jan 2017 Public Session Part 1 of 4
Energy Aggregation Jan 2017 Public Session Part 2 of 4
Energy Aggregation Jan 2017 Public Session Part 3 of 4
Energy Aggregation Jan 2017 Public Session Part 4 of 4
Video Presentation - Part 1 (Taped in Sept 2016 Before Contract Award)
Video Presentation - Part 2 (Taped in Sept 2016 Before Contract Award)
Program Notification Package Eligible Residents Will Receive by Janaury 4, 2017
Image of Notification Package Envelope (Eligible Residents Will Receive by January 4, 2017) (Coming Soon)
Hamilton Secures Savings for Residents Electricity Costs; Town’s Energy Aggregation Program to Begin in March 2017
Public Information Session (January 10, 2017)
Program Consumer Protections and Benefits
How to Opt-Out
How to Opt-In
Towns Across New Jersey That Have Sought Energy Aggregation to Cut Residents Energy Bills
Power Point Presentation
Questions or More Information