Requires customer consent to material changes to third-party energy supply contracts.

This New Jersey bill requires residential customers to give explicit consent before their energy suppliers make significant changes to third-party electricity or gas contracts. The law defines a "material change" as any alteration to the contract's terms or duration, such as a price adjustment or a switch between fixed and variable rates. If a supplier intends to make such a change, they must obtain the customer's agreement through verbal, electronic, or written means and keep a record of that consent. The Board of Public Utilities will create specific rules to ensure suppliers follow these new requirements for contracts entered into or renewed after the bill takes effect.