The Energy Consultant NJ (201-892-2587) announces a no-obligation energy analysis for businesses across New Jersey, designed to help them navigate recent capacity rate increases that took effect in June.
-- Following an 833% increase in PJM peak capacity rates in June of this year, Bayonne-based The Energy Consultant NJ has announced a no-obligation energy analysis service for businesses throughout New Jersey. The update is intended to help local companies identify potential savings following capacity rate changes that are estimated to increase electricity bills by 10-29%.
More details can be found at https://theenergyconsultantnj.com
As part of the service, businesses need to complete an online form and upload their current energy bill to a secure portal. Following submission, clients receive pricing and contractual options from four to five licensed energy suppliers operating in their service area, enabling them to compare rates and terms before making any decisions.
The July 2024 PJM capacity auction resulted in a clearing price of $269.92 per megawatt-day, representing an 833% increase from the previous year's $28.92 per megawatt-day. According to Pennsylvania regulatory authorities, residential consumers can expect bill increases of 10-20%, while businesses may see increases up to 29%. These changes took effect on June 1, 2025, and affect consumers across 13 states, including New Jersey.
The Energy Consultant NJ explains that New Jersey's deregulated energy market allows businesses to choose their electricity supplier, with the supply portion of energy bills remaining open to competition while local utilities continue managing delivery infrastructure. The consultancy aims to help businesses better understand these options and identify opportunities to reduce costs through competitive market comparisons.
"Business owners are understandably concerned about rising energy costs and the impact on their bottom line," a company representative explains. "The capacity rate increase is significant, and many companies don't realize they have options beyond their current supplier. Our goal is to simplify the comparison process and help businesses make informed decisions."
Founded by Mike O'Reilly, The Energy Consultant NJ has assisted numerous organizations, including SpaceX, Canon, The Salvation Army, and BASF. The company is headquartered in Bayonne and works with clients throughout New Jersey, offering guidance on energy procurement strategies in the state's deregulated market.
"Our analysis service is designed to remove the complexity from energy shopping. Businesses can review multiple options side by side without any obligation, giving them the information they need to potentially reduce their energy spend during a time when every dollar matters."
Interested parties can find more information by visiting https://theenergyconsultantnj.com
Contact Info:
Name: Michael O'Reilly
Email: Send Email
Organization: The Energy Consultant NJ
Address: 104 W 16th St, Bayonne, NJ 07002, United States
Phone: +1-201-892-2587
Website: https://theenergyconsultantnj.com
Source: NewsNetwork
Release ID: 89178123
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