Lakewood to Save Approximately $80,000 Annually on Electricity with a 10-Minute Online Auction

The Township of Lakewood estimates that it will save approximately $80,000 annually in energy costs by holding a reverse auction to procure a lower electricity rate, officials say.

This Thursday, the Lakewood will host an NJDCA state-approved, web-based reverse auction platform, developed by EMEX LLC and available to all New Jersey municipalities and businesses, to procure electricity. Lakewood anticipates cost savings of close to twenty percent, compared to the rate the township is currently paying its utility company, JCPL.

“Saving our town this money in a single year is going to be phenomenal,” said Mayor Albert Akerman. “Along with the population growth Lakewood is experiencing, comes the greater need for electricity and this system will enable us to ensure the lowest cost of electricity for Lakewood residents in the future as well”. Added the mayor, “We are also pleased that we were able to eliminate nearly all the RFP administration costs. Working with EMEX, a State- approved contractor, enables us to follow state due diligence laws to the letter, while cutting time and money spent on procurement”

The reverse auction is scheduled to be held on January 17, 2013. TLS.

This content, and any other content on TLS, may not be republished or reproduced without prior permission from TLS. Copying or reproducing our content is both against the law and against Halacha. To inquire about using our content, including videos or photos, email us at [email protected].

Stay up to date with our news alerts by following us on Twitter, Instagram and Facebook.

**Click here to join over 20,000 receiving our Whatsapp Status updates!**

**Click here to join the official TLS WhatsApp Community!**

Got a news tip? Email us at [email protected], Text 415-857-2667, or WhatsApp 609-661-8668.


  1. is this the power for street lights or buildings or both? You can change your electric provider for your home or business also by searching google with the term “nj electricity providers”. Or cut and paste this link to the State BPU . You may already get offers in the mail. You can also get a different natural gas provider and may save money there also.

  2. What I meant is that our Mayor was able to save the taxpayer $80,000 is one weeks worth of work. Give him 52 weeks and we will see him save us a lot more $$. Thanks again Mr. Mayor

  3. Its about time the township is starting to bid their purchases which was something all the politicans claimed they would do for years but never did. If they would only do it to everything they purchase and offer local prefrences as other gov’t agencies do we would save alot and promote businesses locally.

Comments are closed.