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Township of Holmdel, NJ
Monmouth County
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[Added 7-13-2021 by Ord. No. 2021-20]
a. 
The Township authorizes entry into a community energy aggregation program for residential and nonresidential customers, in accordance with the provisions of the Government Energy Aggregation Act, N.J.S.A. 48:3-93.1 et seq. and the regulations promulgated thereunder, N.J.A.C. 14:4-6.1 et seq. This authorization is specifically for the provision of an Option 2 government-private energy aggregation program, pursuant to N.J.A.C. 14:4-6.4 and 14:4-6.6.
b. 
The Township hereby authorizes entry into a coalition of municipalities for the purpose of pooling purchasing and negotiating power for better energy pricing and improved environmental attributes, and to utilize the services procured by the lead agency of same, as may be approved by resolution of the Township Committee.
c. 
The Township shall not enter into an electric distribution aggregation agreement or supplier services agreement unless it is:
1. 
Reviewed and determined that it will provide substantial cost savings to the ratepayers of the Township of Holmdel; and
2. 
Approved by resolution of the Township Committee.