Constellation Energy Begins Offering Residential Service at Atlantic City Electric

April 7, 2011
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Constellation Energy has begun offering residential electric supply at Atlantic City Electric in New Jersey.

Initially, Constellation's New Jersey residential entry had been limited to PSE&G and Jersey Central Power & Light. Constellation does not yet offer service at Rockland Electric.

At Atlantic City Electric, Constellation is offering the following:

- An 18-month plan, with a fixed price of 11.4 cents per kWh for the first 12 months, with a monthly variable rate thereafter

- A 30-month plan, with a fixed price of 10.9 cents per kWh for the first 24 months, with a monthly variable rate thereafter

Quoted prices are as of April 6, and may change daily.

Both products include an early termination fee of $150 if cancelled during the fixed pricing period.

The variable monthly price applicable to the final six months of each contract will consist of the sum of a variable energy charge plus a "retail service charge" and any applicable taxes. The variable energy charge will be based on usage as provided by Atlantic City Electric multiplied by the Real Time Locational Based Marginal Price for the zone in which the account is located as published by PJM Interconnection averaged for all hours during the billing period. The "retail service charge" will include all energy-related charges incurred by Constellation for serving the account during the applicable billing period, including, without limitation, congestion, capacity, transmission, line losses, ancillaries, renewable portfolio charges, and a "reasonable" profit margin determined by Constellation from time to time in good faith. The retail service charge may change for each billing period but will not exceed 6.5 cents per kWh.

Constellation will use utility consolidated billing for residential customers at Atlantic City Electric.

Constellation will offer its standard refer-a-friend program at Atlantic City Electric, under which customers may earn $25 in the form of a Visa prepaid card per referral, up to $575 per year.

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