The following is an update on the Burlington County Energy Aggregation Program:
To date, the BCEAP has saved residents $74,338 on their
September energy bills. While this is the case, PSE&G customers might notice on
their recent bills that the PSE&G supply rate was lower than the TriEagle
supply rate. This was due to a reconciliation charge issued by PSE&G which
temporarily lowers the default supply rate for a month. The
reconciliation was significant enough to reduce the default rate for the month
of October and November lower than the rate obtained by the county in the
auction.
As the energy aggregation program promised, the TriEagle
supply charges will never exceed the utility supply charges. As such, we have
worked with the supplier to ensure all PSE&G residents who experienced the
increase will receive a credit for the difference. To that end, TriEagle
Energy began issuing credits to residents’ accounts last week. These
credits will appear on residents’ next utility bills under the supply portion of
the bill, labeled as “MISC Adjustment”.
We anticipate as the weather gets colder, the PSE&G
monthly reconciliation rate charge will adjust back to the historical
averages and the County’s Program rate with TriEagle will continue to be below
the average, like it was in September, providing additional savings to our
residents.
Residents with any questions and concerns should contact 1-855-200-2648.
