Electricity Market Structure
On August 1, 2003, the NJ Board of Public Utilities removed electricity rate caps that had been established by New Jersey's electric utilities. The largest non-residential electricity customers in New Jersey remaining on utility service are on now default electricity rates that vary with regional power pool hourly prices. These large electricity customers (1,200 kW peak usage and above) are known as "Commercial and Industrial Energy Pricing" (CIEP) customers and are exposed to these variable, market-based rates. All non-residential customers remaining on utility service with usage less than 1,200 kW are on a fixed price that is established annually by an auction conducted by the NJ Board of Public Utilities.
The next auction is scheduled for February 1, 2008 to determine default fixed prices after June 1, 2008.
About Switching in New Jersey
As a retail electricity supplier in New Jersey, Constellation NewEnergy is licensed by the NJ Board of Public Utilities. To be eligible to switch to our services, your company must be located in one or more of the following utility service territories:
- Conectiv Power Delivery
- Jersey Central Power & Light (JCP&L)
- Public Service Electric & Gas Company (PSE&G)
The first step in switching your business' electricity service is completing a Customer Usage Information Authorization form that allows Constellation NewEnergy to gather historical electricity usage data from your utility. This data is necessary to analyze your power consumption patterns and to develop a proposal that is customized to the needs of your business.
You will then sign a retail Electricity Supply Agreement stating the specific product your price for electric service and the duration of the agreement. After our agreement is signed, the enrollment process is simple. Our local operations team will work provide a seamless transition from the utility as your electricity accounts are transferred to our service. Depending on the utility protocols, the enrollment notification must be sent between two and three-and-a-half weeks in advance of your next regularly scheduled meter reading.
 authorization_NJ_utilites.pdf
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Why Switch?