As residents of the Township of Toms River are aware, in 2013 the Township formed the Toms River Community Energy Aggregation (TRCEA) program. The intent of the TRCEA is to aggregate residents’ electric accounts together to seek bids for power supply and obtain the benefits of bulk purchasing for energy.
The Township conducted a public bid process in June of 2013 to seek offers from third party suppliers to serve Township residents who did not already have their own third party supplier arrangement. The bid process was conducted in two stages; the first stage to assess supplier qualifications and the second stage to accept bid prices for power supply. As a result of the bid process the Township selected Dominion Energy Resources, which obtained the highest qualification ranking (Excellent) and submitted the lowest bid price.
Since September 2013, the 21,000 plus participants in the TRCEA program have been receiving power supply from Dominion at a price of 9.113 cents per kilowatt-hour, and have enjoyed a cost savings of more than 10% as compared to the price for power supply charged by JCP&L. In addition, the contract that the Township entered with Dominion assures that the contract price of 9.113 cents is fixed for the duration of the contract (through June 2015) and cannot change.
Participants in the TRCEA program were recently sent a letter by Dominion indicating that it is selling its residential power supply business, and that NRG Residential Solutions will be taking over the supply of your account under the TRCEA program. Please be assured that the Township is aware of this development and has been working with both Dominion and NRG to assure that the transition is smooth. NRG is a retail power supplier that is licensed by the New Jersey Board of Public Utilities, and has been an active supplier in the State for a number of years. The Township has requested and received assurances from both Dominion and NRG that the new supplier, NRG, will honor all of the provisions of the contract that Dominion signed with the Township, including honoring the fixed price for power of 9.113 cents. In addition, the Township’s energy consultants have conducted a review of NRG’s qualifications to assure that they have the same capabilities to service your account that Dominion has had.
As a TRCEA participant, there is nothing that you need to do. You will still receive a single bill from JCP&L, with the same price for power supply of 9.113 cents. The only difference will be that the name of the supplier on the bill will change from Dominion to NRG. You may receive a notification from JCP&L in the coming weeks advising of the switch from Dominion to NRG. Again, there is nothing that you need to do in order to continue enjoying the benefits of the TRCEA program from the new supplier, NRG.