Electrical outlet. (Photo: Daniel Nee)
Brick officials are on the hunt for some good deals.
The township council recently authorized Business Administrator Joanne Bergin to sign a contract for the township to acquire electricity and natural gas when prices are at their lowest by way of digital auction.
Brick officials will utilize an auction set up by Concord Energy, a consulting firm, to purchase the utilities when prices dip to a low level. Such purchases are usually completed through a lengthy bidding process, but the fluid nature of the energy markets would put the township at a disadvantage if it were to have to wait potentially weeks to authorize a deal.
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“In order to get the optimal pricing, we need to authorize our business administrator to sign the contract for when the price is right,” said Council President Heather deJong.
“It will most likely happen on a day between council meetings,” explained Bergin. “At the following council meeting I will provide a report on the sale and how much money it generated for the township.”
Township employees will continue to gauge the market for the best deals, deJong said.
