[HISTORY: Adopted by the Mayor and Council of the City of Hoboken 5-2-2018 by Ord. No. B-25. Amendments noted where applicable.]
The City hereby establishes a Government Energy Aggregation Program in accordance with the provisions of the Government Energy Aggregation Act, N.J.S.A. 48:3-93.1 et seq.
The City will utilize an approved vendor, Concord Engineering's dba Concord Energy Services, Reverse Energy Auction Platform pursuant to the New Jersey E-Procurement Pilot Program (P.L. 2001, c. 30) under the New Jersey Department of Community Affairs. The reverse energy auction will seek bids from licensed and appropriate third-party suppliers. If such winning bid is selected and agreement executed, individual residential consumers would retain the option not to participate and to choose any alternatives they desire.
The Mayor or his designee is authorized to execute any documents that are necessary to carry out the purpose of this chapter, which includes the execution of a Local Distribution Aggregation Agreement with PSE&G.
The City shall act as lead agency of the Energy Aggregation Program and will solicit proposals for energy aggregation services on behalf of City's residents and businesses, and authorizes the Mayor or his designee to take the steps required to enter into a contract for said services, provided that the lowest responsive bid is below the prevailing price for utility-provided basic generation service.
The Mayor or his designee is authorized to take the steps required to execute a master performance agreement with the participants in the Energy Aggregation Program to purchase electricity and/or natural gas at terms and conditions stated therein with a third-party supplier who has been awarded a contract by the lead agency on behalf of participating members of the Energy Aggregation Program, and provided that such contract shall be at prices reasonably forecast and estimated by the City to provide savings to participants relative to the price charged for basic generation service by PSE&G.