Barnegat Considers Energy Program
Early estimates project $50,000 a month in revenue to township
Barnegat residents could be on the road to saving some money in their energy bills, and saving the township some money as well, if the Township Committee moves forward and participates in an energy aggregation partnership program, which was presented by Birdsall Engineering at their regular meeting Monday night.
Mark Cappadona, who represented Colonial Power Group and was invited by Birdsall to speak, noted that if the township were to become an aggregator, it could mean about $50,000 a month in additional revenue for the town, and up to 17% savings for the average Barnegat resident. The additional revenue would likely be used toward electric bills for the town, according to Mayor Al Cirulli.
Cappadona said that the company managing the program would handle all paperwork and administration of the program with no cost to the township. The one facet of the program that some township residents questioned was the “opt-out” part of the enrollment process.
If the township decided to move forward by authorizing an ordinance on the matter, after all BPU conditions were met, all township households would be informed they were being enrolled in the program, and would have to opt out if they wanted to stay with their current electric provider or aggregator.
Responding to questions from residents, Cappadona and committee members noted that that there would be a mailing 30 days before the switch, so residents would be able to opt out before the switch took place.
Committee members noted they wanted to meet with township residents before introducing an ordinance, to canvass opinion and explain the program before introducing it. Barnegat Township is one of 12 local towns that are in talks to participate in this program.