June 8, 2016 - 8:10 AM EDT
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Good Energy Poised to Save New Jersey Communities Nearly $3 Million in Energy-Related Costs

Government Energy Aggregation (GEA) Program Brings Big Savings to Approximately 36,000 NJ Households

NEW YORK, NY--(Marketwired - Jun 8, 2016) - Good Energy, L.P., the industry-leading consultant in Government Energy Aggregation (GEA), announced today that the company has executed agreements with Gloucester and Winslow Townships and the Borough of Somerdale to form the largest government energy aggregation program in the State of New Jersey. The aggregation program combines and leverages the energy purchasing power of nearly 36,000 households to lower monthly costs by having Third Party Suppliers (TPS) competitively bid to supply electricity to the three communities.

Tweet This: @GoodEnergyUS Government Energy Aggregation #GEA programs save #NJ communities $3M in #energy costs. #GloucesterTownship #BoroughofSomerdale @WinslowTownship

"In early 2014, we recognized the value in aggregated energy purchasing for our residents. Good Energy has worked with us since that time to ensure that we would obtain the best possible savings for our constituents. We are grateful for the efforts of Good Energy executives in finalizing a bid for energy aggregation for the residents of our community. This allows over 2,000 of our households to leverage energy purchasing power to lower their monthly energy costs and empowers our municipality's electricity buying options," said Mayor Gary Passanante of the Borough of Somerdale, New Jersey.

GEA empowers local governments to create large electricity buying groups in pursuit of cheaper and more stable energy supply rates. The legislation ensures that the benefits of energy deregulation are passed onto residential account holders by allowing local governments to aggregate energy accounts within their municipal boundaries in order to obtain competitive bids from third party suppliers.

"Our three town, New Jersey aggregation program is offered to 35,969 households for 14 months," said Charles de Casteja, Managing Partner and Director of Sales, Good Energy. "We expect a 90-95 percent enrollment rate which will bring our annual energy supply cost savings to approximately $2.7 million based on the current utilities' prices-to-compare. We are grateful to the town officials who diligently worked to make this program a reality and proud to put nearly $3 million back into the pockets of New Jersey residents who are participating in this program."

Earlier this year, Good Energy was selected by the New Jersey Conference of Mayors (NJCM) to receive the prestigious Business Member of the Year award, and was recognized for utilizing the Government Energy Aggregation platform in order to help New Jersey residents lower their electricity supply costs.

To learn more about how your municipality can become involved in a GEA program, visit www.goodenergy.com/nj, or contact Good Energy via email: njgea@goodenergy.com or call toll free: 855-777-7414.

About Good Energy, L.P.

Good Energy, a national energy management and consulting firm, is the industry leader in the design and implementation of government energy aggregation programs, providing energy procurement consulting for more than 225 communities. As of 2016, Good Energy is on target to save approximately 700,000 households well over $153 million, with many other communities, nearly 400,000 additional households, currently in GEA program development.

For nearly two decades, Good Energy has been a national leader in structuring and implementing cost-cutting energy savings programs. Good Energy represents thousands of commercial and industrial customers and serves more communities and residential customers than any other energy consultant in the nation. Good Energy supplies the latest efficiency applications to the market and has pioneered a proprietary buying approach that has achieved millions of dollars in savings to households and businesses throughout the nation. Learn more about Good Energy at www.goodenergy.com and follow us on twitter @GoodEnergyUS.

For more information, contact:

Jackie Abramian
BridgeView Marketing (for Good Energy)
603-570-7533
Jackie@bridgeviewmarketing.com
Twitter: @GoodEnergyUS


Source: Marketwired (June 8, 2016 - 8:10 AM EDT)

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