Energy Efficiency, GHG Emissions, Sourcing Renewables - February 21, 2019
Hoboken goes (renewable) electric
Mayor Ravi S. Bhalla announced the City of Hoboken will begin purchasing 100% clean, renewable electricity for municipal facilities starting in April of 2019, making Hoboken one of the first municipalities in New Jersey to adopt 100% renewable electricity in municipal buildings.
According to a statement from the City of Hoboken, 28% of Hoboken’s renewable electricity for municipal operations will be generated within New Jersey by wind and solar energy, while 72% will be supplied by wind energy generated out of state. “Hoboken is committed to improving our global environment through our transition to 100% renewable electricity,” said Mayor Bhalla. “Utilizing wind and solar sources will substantially reduce our dependence on fossil fuels that contribute to greenhouse gases and global warming. This is a major milestone that puts Hoboken at the forefront of New Jersey in combating climate change and upholding the ideals of the Paris Agreement.”
The renewable electricity is expected to result in savings to the Hoboken taxpayers, with a projected 9% decrease in cost over two years. The City will pay less than 11 cents per kWh, which is approximately 1 cent per kWh less than the price to compare from PSE&G with renewable sources. Previously, Hoboken purchased electricity from PSE&G for municipal operations, with 18% of the electricity generated from renewable sources. The electricity for municipal operations will now be purchased through a third-party supplier, Aggressive Energy LLC, according to the statement.
In January, the City completed the energy efficient upgrades in 11 municipal buildings including LED energy efficient lighting, as well as high-efficiency heating and cooling systems. The upgrades result in savings to taxpayers of approximately $100,000 per year.
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