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Kean University·New Jersey

Electricity Supply Service

Closes 11/10/2026$5M – $12MInvitation for Bid
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Description

Kean University is seeking a qualified electricity supplier to provide full‑requirements electric service for its two campuses (Union and Jersey City, NJ), covering approximately 46 accounts and about 50 million kWh of annual usage. The contract will be awarded on a “lowest‑total‑cost” basis for various term options ranging from 12 to 24 months, with the possibility of a six‑month extension. Bidders must be NJ Board of Public Utilities‑licensed, submit detailed qualification documents by 26 Oct 2026, and deliver a price proposal (including the 6.625 % NJ sales/use tax and a $0.0009/kWh energy‑agent fee) by 10 Nov 2026. The solicitation includes three product structures—an all‑in fixed price for lighting accounts and two unbundled options (capacity & transmission pass‑through and load‑following with index pricing) for other accounts.

Attached files

Contact

Edie DelVecchio(Associate Vice President, University Procurement and Business Services)

(908) 737-5326

Key dates

Opened
10/16/2026
Questions due
10/26/2026
Closes
11/10/2026
Projected award
11/10/2026
Duration
24 months

Last updated

Details

Type
Invitation for Bid
Industry
Energy and Utilities
NAICS
221310
Solicitation №
K26‑10‑14‑3

Budget estimate

$5,000,000 – $12,000,000

Based on the disclosed annual usage of ~50 million kWh and typical wholesale electricity rates of $0.08–$0.12 per kWh (inclusive of tax and fees), the annual contract value is roughly $4–6 million. With contract terms extending up to 24 months, the total award could range from $8 million to $12 million. Therefore a reasonable estimate for the revenue the supplier could earn is between $5 million and $12 million, depending on the pricing product chosen and the final term length.

AI estimate from the solicitation

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