The Borough of Stanhope has opted to participate in the state-authorized “Community Aggregation Program” designed to offer you and your neighbors reduced rates on your electric bill. The Sussex-Warren Area Energy Cooperative, by purchasing energy together as a community, is able to access lower, more stable rates. A packet of information has been mailed to the residents of Stanhope Borough detailing the the plan. The Community Aggregation Program is very different from other third party supply contracts and offers protections to you that an individual contract may not offer: A non-variable rate, the ability to leave the program at any time and No penalties or fees to leave the program.
The electricity auction resulted with a rate of $0.07989/kwh offered by TriEagle Energy. The supply price is approximately 22% below the average JCP&L supply price of $0.10278/kwh. This rate will go into effect on your March 2017 meter read date and will continue through your November 2018 meter read date. For example: if your monthly electric usage is 700/kwh, your bill under this program will be $55.92 for the supply portion versus $72.95 that you would have paid with JCP&L. You will see the initial savings on the electric bill you receive in April 2017. JCP&L will continue to deliver your electricity, and you will be billed at the regulated delivery rate. JCP&L will continue to provide all emergency and safety services. JCP&L will also continue to provide customer services such as meter reading, billing and service restoration. You will also continue to only receive one bill and continue to pay JCP&L.
This link contains frequently asked questions and additional details regarding the Energy Cooperative. Community Aggregation Program FAQ’s
Please contact a Concord Energy Services customer care agent at 866-688-5197 with additional questions beyond what is provided here. Thank you.