Mayor Yaede Proposes 2^nd 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 2^nd 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 1^st 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 1^ststage 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.

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