Hunterdon Area Energy Cooperative (HAEC)
Program Announcement

Residents will be receiving a packet of information in the mail this week. If you have any questions please call the customer care team's toll-free number: 866-688-5197. You can also visit https://www.njaggregation.us/HAEC/ for more information.

PLEASE CLICK HERE FOR REFERENCES TO THE REGULATIONS GOVERNING THE PROGRAM

Dear Peapack and Gladstone Borough Resident:
The Hunterdon Area Energy Cooperative (HAEC) was established in 2018 for the purpose of offering residents reduced electricity supply rates by purchasing electricity in bulk for several municipalities through a Community Energy Aggregation Program. The HAEC originally started with three towns and has grown over the past two years to 16 towns in four counties, including the Borough of Peapack and Gladstone.

The HAEC is proud to announce that as a result of its recent energy auction on June 16, 2020, the Borough of Califon, as Lead Agency for the cooperative, awarded a 9-month contract to IDT Energy, Inc. beginning in March 2021. Municipalities participating in the HAEC thought it was important to add renewable options to this next round of the CEA program, so in addition to the reduced rate of $0.0867/kWh (referred to as the “Standard Option”), this new CEA program offers residents the option to select 100% Renewable Energy (referred to as the “Green Option”) for fractions of a penny more at $0.0878/kWh.

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