N.J. Admin. Code § 5:34-7.19

Current through Register Vol. 56, No. 23, December 2, 2024

Section 5:34-7.19 - Cooperative purchasing of energy

(a) Two or more contracting units may join together to form a cooperative pricing system for the sole specific purpose of purchasing energy, or an existing registered cooperative purchasing system may add energy as a commodity to be purchased, pursuant to the Electric Discount and Energy Competition Act ( P.L. 1999, c. 23 ) and the Interim Government Energy Aggregation Program Standards promulgated by the Board of Public Utilities.

(b) The purchase of energy shall be subject to the terms and conditions of the bid specifications and a master contract. The specifications shall be drafted pursuant to Section 4.1a and 4.1b, Bidding Specifications of the Interim Government Energy Aggregation Program Standards promulgated by the Board of Public Utilities.

(c) Take and pay contracts for the purchase of energy where the government aggregator commits to pay for a certain amount of energy, whether or not the energy is actually received or used by the government aggregator or participants in a cooperative pricing system are specifically prohibited.

N.J. Admin. Code § 5:34-7.19

New Rule, R.2000 d.485, effective 12/4/2000.
See: 32 New Jersey Register 3237(a), 32 New Jersey Register 4300(a).
Former N.J.A.C. 5:34-7.19, Accounting requirements for commodity resale systems, recodified to N.J.A.C. 5:34-7.17.