Direct BPU to establish certain incentive programs for energy storage and management.**
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill directs the New Jersey Board of Public Utilities (BPU) to establish incentive programs for energy storage and management. Specifically, it mandates the creation of a distributed energy storage incentive program designed to encourage the installation of both customer-sited and front-of-the-meter energy storage systems. The program aims to incentivize a total of 3,000 megawatts of new energy storage capacity by 2032, with initial goals for 1,000 megawatts by 2030 and 2,000 megawatts by 2032. Additionally, the bill establishes requirements for utility tariffs and a virtual power plant program to further support energy storage initiatives.
Bill text
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Document of record
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- Assembly Committee Substitute
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