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Energy & Safety

Optional Energy Pricing

 
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As a result of a decision made by the New Jersey Board of Public Utilities, business customers located in Rockland Electric Company's service area can choose to have their electric commodity priced on an hourly basis. Rockland Electric Company would provide this service under Basic Generation Service-Commercial Industrial Energy Price (BGS-CIEP), which is based on the actual real time cost to purchase energy on an hourly basis.

How will BGS-CIEP affect my account?

If you choose to enroll in this option, the supply portion of your usage will no longer be charged at a fixed rate for a given time period. Your energy charges will vary each hour of the day and every day of the week based on market conditions.

Should you choose to become a BGS-CIEP hourly-priced customer, the retail margin of 0.5¢ per kilowatt-hour added to the supply portion of your usage will also still apply. This fee will not be charged if you subsequently select a Third Party Supplier.

In order to participate in the hourly energy pricing option, you may be required to upgrade your existing meter at additional costs.

How do I enroll in BGS-CIEP?

If you would like to enroll in the hourly energy pricing option, please complete and return the BGS-CIEP Authorization Form before the second business day of the calendar year. Please note that by choosing this option you must remain on this hourly energy price for a twelve-month period beginning June 1 unless you choose a Third Party Supplier for your electric power supply.

If you have any questions, please call our Major Accounts Engineer at 201-236-6008.