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Council approves addendum to IDT Energy agreement as borough offers opt‑in program amid expected price increases
Summary
Council approved a resolution authorizing an addendum to the borough’s energy‑supply agreement with IDT Energy/Concord, restoring an opt‑in program (including a 100% green option) for residents; council heard that energy prices are expected to rise 17–20% effective June 1 and that postcards will be mailed to participating households.
The council approved a resolution authorizing an addendum to the borough’s energy supply agreement with IDT Energy and Concord Energy to restore an opt‑in purchasing program for residents.
A council member explained that the borough had paused the program during state‑level market changes and that recent developments allow the borough to offer residents a rate based on a contracted auction price, with a separate 100% green option for those who opt in. The speaker said the mayor was recused from this item. The council heard a staff summary that statewide energy prices were expected to rise by an estimated 17–20% effective June 1, and that the program window would run from June 1 through Nov. 30 for new participants.
Officials said each household that opts in will receive a postcard with specific rate and duration details. Council members discussed broader market pressures, including increased consumption tied to large data centers and supply‑and‑demand constraints. The council moved, seconded and adopted the resolution on roll call.
The resolution authorizes execution of the addendum and continuation of the resident opt‑in program; the borough will finalize notice materials to participating households.
