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Posted on: February 4, 2019

TriEagle Energy Aggregation Program Being Phased Out this Month

BLOOMFIELD, NJ -- Bloomfield residents who have been purchasing their electricity from third party energy provider TriEagle through the Township of Bloomfield’s Government Energy Aggregation (GEA) program will be automatically returned to the standard Public Service Enterprise Group (PSEG) energy program on February 22 due to rate adjustments that make the third party energy provider more expensive than PSEG’s longstanding plan. This switch is intended to save residents money on their home electricity bills moving forward.

The GEA program has helped save Bloomfield residents who participated hundreds of thousands of dollars on their electricity bills since 2015, but recent changes in market conditions have made TriEagle's plans less financially viable. When the Council began the GEA program it pledged that individual residents would have the ability to opt out and made a commitment that if the program did not result in significant savings the Township would discontinue it. Now that rates have increased, the Township will exercise its option to resume the standard PSEG energy purchasing system as of February 22 while it continues working to secure more favorable energy rates for residents. 

The Township of Bloomfield began its GEA program in 2015, which allowed residents to access lower costs for electricity than were available through PSEG. With the cessation of TriEagle’s program activities in Bloomfield, all customers who did not opt out will now be automatically re-enrolled in PSEG’s program for their February/March energy bill. No action is needed by residents and no disruptions to electricity service will occur. 

“The Township of Bloomfield will continue working with PSEG and third party energy providers to reduce energy costs for residents,” said Township Administrator Matt Watkins. “We still believe energy choice services can be beneficial because they cost residents less money for the same service, and we will continue working to secure the best energy options for Bloomfield residents at the fairest prices.”

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