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Town Officials Provide Viewpoints on Plan for Consumer Aggregation of Electricity Costs

A plan to save nearly $2.5 million on Brick residents' annual electric bills is being considered

Both Brick Township’s Mayor and Council President took time this week to discuss a planned program to aggregate services for electrical energy consumers in town, which will ultimately lead to those residents receiving a marked cost savings on their energy bills.

Mayor Stephen C. Acropolis referenced the passage of a 2003 law allowing municipalities to aggregate services rendered to electrical energy customers, and noted Brick has roughly 26,000 residential dwellings that are billed for energy costs.

“Obviously, with 26,000 homes, you’re going to get a better price for electricity than just as one person,” said the mayor. The mayor added that those customers designated to be involved with the aggregation plan may voluntarily opt out at any time, if they so choose.

Acropolis pointed to Colonial Power Group as the group the township is considering to utilize for the aggregation arrangement. Colonial put in the most affordable bid for the plan, which seeks to generate over $200,000 in revenue for Brick Township each month, or a total cost savings of nearly $2.5 million per year.

“They recently made a presentation to the Business and Finance Committee, and we expect to see a presentation from them to the public at a council meeting in September,” Acropolis said.

Acropolis gave his preliminary approval of the aggregation concept with one specific caveat: that the projected annual savings of nearly $2.5 million are only earmarked for property tax relief, and not for use in the general fund come budget time.

“The only way I’ll agree to this is if that money goes to relief for the taxpayers,” said Acropolis.

Council President John Ducey also explained that the energy company will tentatively make a public presentation on the concept at the first township council meeting in September.

“We’d rather have the energy company come in and have their professionals explain the plan directly to the residents, rather than hearing about it from the council,” said Ducey.

Based on what he has learned of the planned arrangement thus far, Ducey appears to be in favor of the cost aggregation.

“It seems like a great idea. It makes money for the town, and relieves the taxpayers by making their energy bills lower,” said Ducey.

The council president added that after the energy company’s presentation is delivered, the council would then have a first reading for an ordinance on the aggregation program. Ducey explained that reading may occur at the same meeting in September when the presentation is given, or at the very next one following the presentation.

BW August 11, 2012 at 01:41 PM
Sorry but this sounds like the same BS we got when they installed the red light cameras. The money collected would go towards property tax relief, and our taxes went up 24%. So does this mean our taxes will go up another 24% if the town goes with it? Reminds me of those calls you get several times a week. You know those telemarketers who call and ask to speak to the person incharge of your electric bill. Well heck if they go with this and I get one of those calls I can give them Acropolis' and Duecys' home phone numbers and let them get calls during dinner.
Mark Story Jenks August 11, 2012 at 09:26 PM
Interesting analogy.
Slippery Slope August 12, 2012 at 09:18 PM
Americans use too much electricity. They need to share with the world and stop polluting the earth. I will close ahalf the power plants in USA.....
Can't handle the truth August 22, 2012 at 02:06 PM
your a moron, the Lyin how can you talk so stupid.
Sal Petoia September 13, 2012 at 01:32 PM
Don't understand why we have to pay for the dozens of channels we never watch! The arrangement should be that the customer pay only for the channels they choose to receive. Cost to the consumer could be cut considerably, but of course the cable company would see a loss in revenue. Guess it'll never happen!

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