UPDATE: (September 23, 2022) Concord Energy Services and CUC have been monitoring the energy market in the hope of bringing the Sussex-Warren Area Energy Cooperative’s GEA program back to the residents. Unfortunately, the energy market remains high, and as such it is very unlikely that they would be able to beat the utility’s price-to-compare if they are able to go out to auction in the final quarter of 2022. They will continue to watch the market for opportunities to bring the program back in 2023.
In August 2016, Stanhope Borough, in conjunction with the Sussex-Warren Area Energy Cooperative (SWAEC), established a Community Energy Aggregation Program. The program is designed to save residents money on the supply portion of their electric bills, and since the program began, participating residents have saved over $1,991,750. The cooperative includes thirteen (13) participating municipalities and represents over 14,782 households.
The contract with SWAEC and IDT Energy Inc. to furnish your electric supply through the Community Energy Aggregation Program ended on December 31, 2021. All accounts were returned to the utility, JCP&L’s Basic Generation Service at the end of the contract term. Residents most likely received a letter from JCP&L notifying them of this change in supplier. NO ACTION WAS REQUIRED ON YOUR PART.
An energy auction was held on June 21, 2022 and unfortunately the current market conditions continue to be a challenge with regard to securing savings for residents through the Sussex-Warren Area Energy Cooperative’s GEA program. The pricing received at the energy auction was above the utility price-to-compare. As such, all pricing was rejected. When the market conditions improve, another auction will be scheduled.
If the program is reinstated at a future date, residents will be informed by First Class Mail through the US Postal Service. Please remember that no one will call you on the telephone or knock on your door with information regarding the SWAEC Community Energy Aggregation Program.
Thank you for being part of this successful program. For updated program information, please contact the program’s energy consultants at 866-688-5197 or visit the SWAEC’s program website at https://www.njaggregation.us/swaec/