BPU Rate Decision Won’t Affect Energy Aggregation [AUDIO]
While Jersey Central Power & Light appeals the state Board of Public Utilities' recent denial of a proposed rate hike, there is some good news for those who switched to the many energy aggregation programs throughout New Jersey.
Robert Chilton is with Gabel Associates, which has been intimately involved at helping towns like Toms River jump on the energy aggregation bandwagon. The firm has saved township residents a nice chunk of change over the past year.
"Your bill is two main components, the cost of delivery and the cost of the power supply," Chilton said. "The latter is about two-thirds of your bill."
If JCP&L is forced to lower its rate, as state regulators continue pushing, you would also see a decrease. The rate decrease would affect the delivery portion of the bill, and not the cost of the power supply.
"You pay delivery service fees regardless of who your supplier is," Chilton said. "In any circumstance, if your delivery rate gets reduced, you will see the lower rate no matter who supplies you with the power."
JCP&L plans to have a reply brief done by the end of the month.