Energy

This bill (A2127) prohibits electric and gas public utilities in New Jersey from charging residential tenants in multi-unit dwellings (like apartments) a meter-reading fee that exceeds the actual cost of their electricity or gas usage for a billing cycle. It specifically targets fees charged to customers who have opted out of smart meter installation and require manual meter readings. The law sets a clear cap: utilities cannot charge more for manual readings than the customer’s regular utility usage cost. This applies directly to renters in shared housing who choose manual metering, ensuring fees align with actual consumption rather than arbitrary charges.

This bill modifies permit review requirements under New Jersey's Coastal Area Facility Review Act to address nuclear energy facilities. It requires the Department of Environmental Protection Commissioner to evaluate whether a nuclear facility's radioactive waste storage and disposal methods are safe, comply with Nuclear Regulatory Commission standards, and do not endanger life or the environment. Currently, the commissioner only assesses waste disposal, but this change expands the review to include storage methods as well. The bill applies specifically to nuclear energy generation facilities operating in the state. No fiscal impact is expected from this legislative change.

This bill modifies how New Jersey's Board of Public Utilities procures and incentivizes large-scale energy storage systems, primarily affecting developers and utilities seeking to build transmission-scale storage facilities. It establishes a two-phase program requiring projects to meet specific readiness milestones, such as completing interconnection studies with PJM or securing capacity rights, while setting a goal of awarding incentives for at least 1,000 MW of storage capacity by December 2026. The legislation also outlines application requirements, including proof of site control, permit acquisition plans, financial capability, and safety assurances, with a requirement that at least 350 MW be approved in the first phase by December 2025.

This bill amends New Jersey's solar incentive program (SREC-II) to increase the state's solar energy development goal from 3,750 megawatts to 6,500 megawatts and extend the target deadline from 2026 to 2035. It maintains the existing system where solar energy producers earn SREC-II certificates for each megawatt-hour generated, which can be sold to utilities to meet renewable energy requirements. The policy directly affects solar developers, property owners with solar installations, and utilities required to comply with renewable energy standards. The change aims to accelerate solar adoption by providing long-term certainty for projects through 2035.