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 replace traditional demand-based rate structures and capacity demand charges, ensure cost equity between commercial and residential electric vehicle tariffs, and promote investment in electric vehicle charging infrastructure. Additionally, the bill requires that the tariffs include an alternative rate structure for commercial customers operating electric vehicle charging systems, which does not involve demand charges, and provides predictable costs per kilowatt-hour delivered.

Furthermore, the bill prohibits electric utilities from imposing certain non-volumetric charges, such as demand or subscription fees, on direct current fast charging facilities until their tariff applications are approved by the BPU. This provision takes effect 60 days after the bill's enactment, ensuring that operators of electric vehicle charging stations are not subjected to these charges without regulatory oversight. The bill aims to facilitate the growth of electric vehicle infrastructure and adoption in the state while ensuring fair pricing structures for commercial customers.