For over a decade, NJ CAR has had an energy program for its members through Sprague Energy. During this time, we have ensured stable energy savings for more than 200 dealerships. Unfortunately, the times were temporary changed due to the long-term consequences of the pandemic, as well as the war in Ukraine.

When the pandemic was in full force and energy prices fell, both Atlantic City Electric (ACE) and Jersey Central Power & Light (JCP&L) purchased their power supplies – benefiting from lower demand and lower prices. All third-party vendors are dealing with much higher prices in today’s volatile market. As an ACE or JCP&L customer, your utility may be offering the best power option right now. If you currently have a third party electricity agreement, you should compare rates with the utility at the time of renewal.

NJ CAR understands that you get hundreds of calls from third-party vendors wanting to advertise your electrical needs and claiming they can save you money. We will be happy to review any quotes you receive to verify their legitimacy. Our biggest concern is to protect our dealer members.

We will continue to monitor the ever-changing market and will contact you when the market stabilizes. NJ CAR appreciates your support and looks forward to seeing your business again when we can save again.

SOME GOOD NEWS FOR NATURAL GAS:

Now you can lower your natural gas costs. Send your latest gas bill to the address gcaputi@njcar.org so we can provide a quote for that part of your energy needs. Contact Gail Caputi @ 609.760.2043 with any questions.

https://njcar.org/latest-news/natural-gas-market-showing-surprising-savings-while-electric-market-deals-with-higher-prices/

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