Residential Community Energy Aggregation Program Update:  April 22, 2018.

Earlier this month, at the City's direction, The South Hunterdon Regional Energy Cooperative(SHREC) went out to bid seeking a new independent  residential electricity supplier. Unfortunately, the new bid prices were no better than those received in 2017; therefore, the City did not award a new contract. 

Based upon the bids, and recognizing that the JCP&L tariff prices will be dropping in June 2018, it has been determined that the residents’ interests will be best served at this time by remaining with JCP&L for power supply.

SHREC continues to monitor market conditions and could be seeking new bids as soon as June or July. Please be aware that while residents are always free to choose their own 3rd-party energy supplier without penalty, suppliers not affiliated with the City’s program may not be able to provide you with the level of savings and consumer protections offered by the SHREC CEA program. Additionally, the terms of a third-party supply contract may interfere with your ability to enroll with the next SHREC CEA contract cost-effectively.   

The City of Lambertville and the Township of West Amwell jointly launched the South Hunterdon Renewable Energy Cooperative Community Energy Aggregation (SHREC CEA) in 2013, for the purpose of creating purchasing leverage and providing an opportunity for residents of the City and the Township to save money on their electric bills.  Through two rounds of the SHREC CEA program, it is estimated that City and Township residents have saved close to $1 million in aggregate.