Board Authorizes EMEX Reverse Auctions for Energy Procurement
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Description
The Board authorized participation in EMEX, LLC's online reverse auctions to secure electricity and natural gas supply contracts at or below defined price thresholds and terms. EMEX will facilitate the auctions, with supplier contracts executed only if favorable rates are achieved.
Contract Details
Vendor
EMEX LLC
Agency
North Plainfield School District, NJ
Contract Type
UTILITIES
Document Date
April 29, 2026
Contract Term
To be determined based on selected 12-, 18-, or 24-month electricity term and 12-, 18-, 24-, or 36-month gas term
Renewal Info
Covers use of EMEX's platform for upcoming auctions; resulting energy supply contracts will have defined 12- to 36-month terms and may be rebid upon expiration.
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