This bill mandates that electric public utilities in New Jersey submit new tariffs for commercial customers to the Board of Public Utilities (BPU) for approval within 180 days of the bill's enactment. The tariffs must be designed to move away from traditional demand-based rate structures and capacity demand charges, ensure cost equity between commercial electric vehicle tariffs and residential tariffs, and promote investment in electric vehicle charging infrastructure. Additionally, the tariffs must include an alternative rate structure for commercial customers operating electric vehicle charging systems that does not impose demand charges, while also providing predictable costs per kilowatt-hour delivered.

Furthermore, the bill prohibits electric utilities from assessing certain non-volumetric charges, such as demand charges or subscription fees, on direct current fast charging facilities until their tariff applications have been approved by the BPU. This provision will take effect 60 days after the bill's enactment, ensuring that operators of electric vehicle charging stations are not subjected to these fees until the utilities have complied with the new tariff requirements. The bill aims to facilitate the adoption of electric vehicles and enhance the state's charging infrastructure.