Directs BPU to establish virtual power plant program to reduce peak demand for electric energy.

This bill requires New Jersey's Board of Public Utilities (BPU) to establish a virtual power plant program by 2027. It directs the BPU to create a system where third-party aggregators coordinate customer-owned energy resources - like home batteries, smart thermostats, and electric vehicle chargers - to reduce peak electricity demand. The program must achieve a 500-megawatt reduction in peak demand by 2030, prioritize participation from low-income households and overburdened communities, and prohibit utilities from directly controlling customer devices. This directly affects electric utilities, customers with eligible energy resources, and grid operators by shifting energy use away from peak times to lower costs and improve grid reliability.