The City of Lambertville and the Township of West Amwell announced the second round of the SHREC CEA Program in early 2016. After successfully saving residents over $300,000 in electricity costs during the first Program, Lambertville and West Amwell decided to jointly continue the SHREC Community Energy Aggregation Program.

The SHREC CEA Round I ended in June 2015, at which time customers were returned to JCP&L’s tariff for the supply portion of the electric bill. A few months later the City and Township successfully awarded a new contract to the low bidder, South Jersey Energy Company (SJE).

SJE is part of South Jersey Industries, which owns a gas utility in New Jersey and has been in business as a retail electric supplier in New Jersey since 1997. SJE is supplying power to SHREC Round II participants for a 21-month contract, which began in March 2016 at a non- variable price of $0.08702/kwh.  This represents a savings of nearly 14% compared to the average JCP&L tariff price for power supply of $0.1016/kwh.  The contract is expected to save the typical resident more than $240 over the 21-month contract term, with no change to the level of service. Aggregate savings for municipal residents that participate in the SHREC CEA Round II program are estimated to be nearly $650,000 from March 2016 through December 2017.  For more information click here.