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Departure from aggregation group made the green purchase and savings possible for the Township
Stamford, Connecticut, April 22, 2020 – Tradition Energy announces that it has advised Middletown Township, New Jersey, on a renewable electricity purchase that will offset 100% of their conventional energy usage and save thousands of dollars versus their previous contract.
“This new electrical energy arrangement will save the Township 10% versus our previous contract and at the same time increase our percentage of purchased renewables for electricity from 25% to 100%,” said Mayor Tony Perry. “Not only are we excited to secure these savings for taxpayers, but we’re also able to achieve a major environmental win for our Township.”
Historically, Middletown Township purchased its energy through a local aggregation group. At the time, low rates were achieved by aggregating multiple municipality energy loads, but there was less flexibility. “Tradition offered Middletown a better alternative by giving us the ability to react quickly to market opportunities or pursue unique goals such as purchasing renewable energy and constructing on-site solar generation on our land,” commented Township Administrator Tony Mercantante.
“Middletown Township has achieved what more and more municipalities are learning – you can have it all – both meet your renewable energy goals and reduce your costs,” said Alan Kurzer, CEO, Tradition Energy. “Our hats are off to the hard work everyone did to make this procurement victory possible for the Township.”
Scott Merrell, Senior Director, Marketing, 713-609-9922 Scott.Merrell@TraditionEnergy.com
About Tradition Energy
Tradition Energy is one of the world’s largest and most experienced energy risk-management and procurement advisers. Tradition serves more than 1,300 clients ranging from Blue Chip companies to medium-sized businesses to public sector organisations, with over 80 billion kilowatt hours in energy usage and more than £12 billion in energy spend managed. Clients partner with Tradition Energy to manage their energy price risk exposure and to develop and implement risk management strategies to control and reduce their energy expenditures. Tradition Energy is part of the Tradition Group, one of the world’s top 3 institutional brokers of financial products and commodities with over 2,300 employees in 29 countries, publicly listed on the Swiss stock exchange (CFT). www.TraditionEnergy.co.uk