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 bill requires New Jersey electric and gas public utilities to reduce customer energy use by specific annual targets: 2% for electricity and 0.75% for natural gas, within five years of implementing efficiency programs. It mandates the Board of Public Utilities to establish performance metrics and review targets every three years, considering factors like weather, economic conditions, and new technologies like electric vehicles. Utilities must design programs with a benefit-to-cost ratio of at least 1.0, using existing efficiency measures and building codes to meet these goals. The bill directly affects all electric and gas utilities serving New Jersey customers, shifting focus from revenue incentives to measurable energy reduction outcomes.