"New Jersey Clean Energy Act of 2024"; establishes 100 percent clean electricity standard and directs BPU to establish clean electricity certificate program. *

New Jersey's S 237, the "Clean Energy Act of 2024," requires all retail electricity sales in the state to come from clean sources by 2035. This affects electric utilities and power suppliers, who must meet the standard through a new certificate program tracking clean energy generation. The bill establishes "clean electricity certificate" (CEAC) credits for zero-emission sources like nuclear, solar, wind, and hydroelectric power. It replaces some existing renewable energy certificate systems and directs the Board of Public Utilities to implement the program, aiming to reduce greenhouse gas emissions while supporting existing nuclear and offshore wind projects.