NO.
According to the New Jersey Board of Public Utilities, Energy Aggregation “allows municipalities, working along or together in a group, to aggregate the energy requirements of residential, commercial, and municipal accounts so that the energy can be purchased from third-party suppliers at prices lower than average utility prices, with the possibility of added benefits such as higher renewable energy content”. Customers currently receive energy at a fixed rate from their default energy supplies (i.e., PSE&G). Through an Energy Aggregation Program, municipalities create larger buying groups and can obtain a cheaper rate for customers. These savings are passed down to residents and commercial businesses, saving approximately 12% on monthly energy bills.
A question is on the November 8, 2022 ballot to seek permission to create a Government Energy Aggregation Program. If approved, Franklin will formally pass an ordinance to establish the program and begin seeking bids from third-party suppliers to find the best prices for energy available. There is no cost to the customer, and there is an option to “opt-out” if an individual does not wish to participate.
For more information about Energy Aggregation, please visit the following sites for information:
How Does Energy Aggregation Work?: http://njgea.com/how-does-government-aggregation-work
Program Summary: https://www.state.nj.us/bpu/pdf/energy/NJ_Gov_Energy_Aggregation_Summary.pdf
Government Energy Aggregation: https://nj.gov/njpowerswitch/gea/#:~:text=A%20GEA%20program%20allows%20municipalities,lower%20than%20the%20average%20utility
Article from Franklin’s TAPinto by Edir Coronado: https://www.tapinto.net/towns/franklin-township/articles/franklin-township-environmental-commission-sponsors-energy-aggregation-program-meeting-for-public