"New Jersey Clean Energy Act of 2024"; establishes 100 percent clean electricity standard and directs BPU to establish clean electricity certificate program.
Requires, by energy year 2050, all electric power sold in NJ by each electric power supplier and basic generation service provider to be from zero-carbon sources.
Requires, by energy year 2050, all electric power sold in NJ by each electric power supplier and basic generation service provider to be from zero-carbon sources.
Extends for five years date of certain greenhouse gas emissions and clean energy goals.
Revises law concerning Class I and solar renewable energy portfolio standards, solar renewable energy certificates, and net metering.
Directs BPU to establish process to maintain supply and demand for solar renewable energy certificates.
Eliminates solar renewable energy portfolio standard and directs BPU to replace solar renewable energy certificates with fixed-rate incentives.
Aliso Canyon natural gas storage facility: electrical grid data: electricity demand reduction and response: energy storage solutions.
Repeals "Global Warming Response Act" and related sections of Regional Greenhouse Gas Initiative implementing law.
Establishes "Neighborhood Solar Energy Investment Program."