MANCHESTER – Nobody can beat Jersey Central Power & Light’s prices. For now.
The township went out to bid for a third-party energy provider for a new energy aggregation contract. The current contract ends June 30.
The Manchester Township Council met 2 p.m. March 13 to review third-party bids. The problem was, there weren’t any that supplanted JCP&L’s rates.
“Unfortunately, due to current market conditions the Township did not receive any bids that the Mayor and Council felt would provide the residents ample savings on their electric bills,” township Business Administrator Donna Markulic told The Manchester Times.
Since 2017, Manchester has had a contract with TriEagle Energy, a company headquartered in Texas. That company provided rates 20 percent lower than JCP&L’s rates then.
In February, Manchester adopted an ordinance making it the lead agency in an energy cooperative it entered into with Plumsted Township, the Manchester Energy Aggregation Procurement Cooperative.
“Since the last energy contract was so successful, saving residents in the program an aggregate of $2.5 million over the life of the contract, the Mayor and Council will continue to monitor the markets to prepare to go out to bid in the near future,” Markulic said.
Residents in the current program will return to JCP&L July 1 as their energy provider. They need not take any action.
“If and when we do secure a new contract with a third-party energy provider, residents who were in the previous energy aggregation program will be automatically opted back in,” Markulic said.
