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  5. ›ELECTRIC GENERATION SUPPLY SERVICE FROM NJBPU LICENSED…

Awarded contract·Ocean County Board of Commissioners·New Jersey

ELECTRIC GENERATION SUPPLY SERVICE FROM NJBPU LICENSED THIRD PARTY ELECTRIC SUPPLIERS

Won by Constellation NewEnergy, Inc.$10MSingle Award
Contract source

Awarded vendors

  • Constellation NewEnergy, Inc.

Description

This contract is for the provision of electric generation supply services from NJBPU licensed third-party electric suppliers. The contract was awarded to Constellation NewEnergy, Inc. for a term of 24 months, with an option to renew for an additional 24 months. The contract includes a provision for the vendor to provide electric generation supply services at a rate of $0.0213/kWh for Atlantic City Electric accounts. The contract also includes provisions for the vendor to provide other services, including billing and customer support. The key aspects of this contract include the provision of electric generation supply services, the term of the contract, and the rate at which the services will be provided. Some of the key benefits of this contract include the provision of reliable and efficient electric generation supply services, the potential for cost savings, and the opportunity for the vendor to provide additional services to the county. • The contract was awarded through a competitive bidding process. • The contract includes provisions for the vendor to provide electric generation supply services to the county. • The contract includes a provision for the vendor to provide billing and customer support services. • The contract has a term of 24 months, with an option to renew for an additional 24 months. • The contract includes a provision for the vendor to provide electric generation supply services at a rate of $0.0213/kWh for Atlantic City Electric accounts.

Attached files

Key dates

Starts
2/1/2022
Ends
12/31/2026Renews
Duration
48 months

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Energy and Utilities
NAICS
221122
Solicitation №
B2022-22CE

Contract value

$10,000,000

The value of this contract is estimated to be around $10 million, based on the rate of $0.0213/kWh and an estimated annual electricity consumption of 400 million kWh. This estimate is rough and may not reflect the actual value of the contract, as the actual electricity consumption and other factors may vary. However, it provides a rough estimate of the contract value. The factors that influence the likely contract value include the rate at which the services will be provided, the term of the contract, and the estimated annual electricity consumption.

AI estimate from the award documents

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