New JerseyBoard would set energy storage goals and utility filing rules
The Board would set storage incentive goals, while utilities would propose ways to help customers cut peak electricity use and file storage tariff rules.
What it does
The Board would offer storage incentives, with goals of 1,000 megawatts by 2030 and 2,000 more by 2032. It could lower or waive targets under specified cost tests.
The Board would set filing requirements for a program that encourages customers to use less electricity when demand is high. Utilities would submit participation proposals and cost-benefit analyses.
The Board would set filing requirements for utility tariffs on how front-of-the-meter storage connects to the grid, what rates apply, and how systems are paid.
Argument forPaying customers to use less power at peak times could ease grid pressure, though any savings depend on participation and other conditions.
Argument againstCustomers could face higher electric bills if utilities recover approved program costs through rates, while the total incentive cost remains unknown.
More detail
The Board of Public Utilities would set up incentives for energy storage. The program includes incentives for customer-sited and front-of-the-meter energy storage systems. The Board could lower the overall 3,000-megawatt goal to below 2,000 megawatts based on a cost-benefit analysis. The Board could reduce or waive the additional 2,000-megawatt target if it finds procurement costs would exceed savings for ratepayers. Utilities could recover approved program setup and administration costs through rates. The estimate describes awards for at least 350 megawatts by December 31, 2027, at least 1,000 megawatts by 2030, and 2,000 more megawatts by 2032.
The Board would set minimum filing requirements for a Virtual Power Plant Program, and utilities would propose how to take part. The filing requirements would apply to the program, and electric public utilities would develop participation proposals and cost-benefit analyses. The program is designed to encourage customers to use less electricity during periods of peak demand.
The Board would set minimum filing requirements for utility tariffs on front-of-the-meter energy storage. The tariffs would cover grid connections, rates, and payments for front-of-the-meter storage systems. The Board may authorize related analyses.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Sep 28Received in the Senate, Referred to Senate Budget and Appropriations CommitteeLatest
- Jun 30Passed by the Assembly (59-20-0)Passed 1st Chamber
- Jun 23Reported from Assembly Comm. as a Substitute, 2nd ReadingMinor
- May 28Reported as an Assembly Committee Substitute and Referred to Assembly Appropriations CommitteeMinor
- Jan 13Introduced, Referred to Assembly Telecommunications and Utilities CommitteeIntroduced
Environment & Energy