The Eatontown Council is looking to enter into a community choice aggregation contract with an energy consulting group that will help the borough and residents save money on their electric bills.
Colonial Power Group's (CPG) Brian Murphy Scott MacFadden of Birdsall Services Group recently presented the plan to the council and said by entering into a contract with CPG, the group would find a third party electric provider for the borough.
McFadden said residents who are current Jersey Central Power & Light customers can choose to participate in to the program and would save 10 percent on their electric bills. All JCP&L customers would automatically be enrolled into the program, unless they chose to opt-out by mail or calling a toll-free customer service number.
Residents who already use a third party energy supplier would not be automatically enrolled in the program.
JCP&L would still handle energy distribution, outages and residents would still receive a bill from JCP&L with the adjusted rates already calculated for monthly charges. Residents would receive a notice about the program befor it starts and would receive a pamphlet telling them they can opt out if they do not wish to participate.
The council must first pass an ordinance to enter into the agreement with CPG and a 12-step process must commence before residents begin seeing the benefits of the program.
Eatontown businesses would also have the ability to opt in to the program, but would not be automatically enrolled.