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

S 642, the "New Jersey Clean Energy Act of 2024," requires all electricity sold to New Jersey consumers to come from 100% clean sources by 2035, directly affecting electric power suppliers and utilities. It establishes a "clean electricity certificate" (CEAC) program administered by the Board of Public Utilities (BPU) to track and verify zero-emission generation from sources like nuclear, solar, wind, and hydroelectric facilities. The bill mandates that electricity providers meet this standard by purchasing CEACs representing clean energy from qualifying facilities, excluding fossil fuel-based generation. This policy aims to reduce greenhouse gas emissions and air pollution while supporting New Jersey's existing clean energy infrastructure goals.