A 4625
Requires BPU to allow certain bidding practices during basic generation service auctions.
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- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill requires the New Jersey Board of Public Utilities (BPU) to allow basic generation service providers to bid for one, two, and three-year supply periods during BGS auctions. The BPU must select the most price-competitive bids, excluding those serving commercial and industrial energy pricing class customers. The bill aims to potentially lower electricity costs for some customers by shortening the supply period timeframe.
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Primary sponsor
Alex Sauickie
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