Joint Energy Purchases Realize Significant Savings for Borough
This year Fair Lawn is purchasing both electricity and natural gas through an energy collective.
Fair Lawn has saved more than $20,000 through the first quarter of the year by purchasing its electric supply collectively through the New Jersey Sustainable Energy Joint Meeting (NJSEM).
The figure represents a nearly 20 percent savings from what the borough would have paid had it purchased energy independently from PSE&G.
While the borough's energy is still provided by PSE&G, it's purchased collectively at a reduced rate through NJSEM, a group of approximately 160 other New Jersey municipalities and authorities.
This is the second year the borough has purchased electricity through NSEM. Pleased with the savings it reaped last year, the council agreed in January to enter into a one-year contract with the NJSEM for natural gas purchases as well.