This bill aims to prohibit public utilities in New Jersey from charging opt-out fees to customers who choose not to install smart meters in their residences. A smart meter is defined as a metering device that utilizes smart technology to measure, record, and transmit utility usage data for billing purposes. The bill clarifies that smart meters include various types of devices, such as basic hourly interval meters and real-time meters with two-way communication capabilities.

The intent of the legislation is to provide utility customers with more control over their utility costs by eliminating the fees associated with opting out of smart meter installation. Currently, customers are faced with the choice of either installing a smart meter or paying a monthly fee to retain their analog meters. By prohibiting these opt-out fees, the bill seeks to promote consumer choice and potentially reduce costs for those who prefer to keep their traditional analog meters.