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 promote equity between commercial and residential electric vehicle tariffs, encourage investment in electric vehicle charging infrastructure, and support the adoption of electric vehicles. Additionally, the bill requires that these tariffs include an alternative rate structure that does not impose demand charges for commercial customers operating electric vehicle charging systems. The BPU is tasked with expeditiously reviewing and approving these applications in accordance with existing laws.

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 have been approved by the BPU. This provision aims to ensure that operators are not subjected to non-volumetric tariff structures without regulatory oversight. A direct current fast charging facility is defined as a location providing commercial access to a DC fast charger, which delivers at least 50 kilowatts of direct current to electric vehicles.