Prohibits public utilities from being eligible for rate treatment or other incentive or rate mechanisms that provide additional revenue to utilities in certain circumstances.

This New Jersey bill prohibits public utilities from receiving rate adjustments that compensate for revenue lost when customers reduce energy usage through efficiency programs. It specifically prevents electric and gas utilities from charging all ratepayers to cover revenue losses from customers who use less electricity or natural gas due to participation in energy efficiency, conservation, or renewable energy programs. The bill amends previous legislation to ensure that the benefits of energy efficiency efforts aren't offset by increased costs for all customers. This policy change directly affects how utilities can recover costs for energy efficiency programs and ensures that savings from reduced energy consumption remain with the customers making those efficiency choices.