Cresskill Board of Education Minutes 2026-05-04
Board Approves EMEX Reverse Auction for Electricity Procurement
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Description
Cresskill Board of Education authorized participation in the EMEX Reverse Auction for district electricity procurement through EMEX, LLC, a division of Mantis Innovation. Contract will be awarded if the auction yields a price not to exceed $0.10968/kWh (12 months), $0.10800/kWh (18 months), or $0.10951/kWh (24 months), with a term of up to 24 months.
Contract Details
Contract Amount
Not to exceed $0.10968/kWh (12 months), $0.10800/kWh (18 months), $0.10951/kWh (24 months)
Vendor
EMEX LLC DBA MANTIS INNOVATION
Agency
Cresskill Public School District, NJ
Contract Type
UTILITIES
Document Date
May 4, 2026
Contract Term
12, 18, or 24 months, depending on auction result
Renewal Info
Term and renewal subject to auction outcome and contract award to the winning supplier.
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