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 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 impose demand charges and provides predictable costs per kilowatt-hour.

Furthermore, the bill prohibits electric utilities from charging certain fees, such as demand charges or subscription charges, to operators of direct current fast charging facilities until their tariff applications are approved by the BPU. This prohibition will take effect 60 days after the bill's enactment, ensuring that operators are not subjected to non-volumetric tariff structures unless they align with the approved tariff. The bill aims to facilitate the growth of electric vehicle adoption and infrastructure in the state by establishing a more equitable and predictable pricing structure for commercial electric vehicle charging.