This bill establishes the Office of Energy Management within the Department of the Treasury, which will oversee the administration of all energy incentive and utility assistance programs in New Jersey. The State Treasurer is tasked with appointing a Director for this office, who will be responsible for managing its operations. The office will take over existing programs from the Board of Public Utilities, the Department of Community Affairs, and the Department of Human Services, as well as any new programs created after the bill's effective date. Additionally, the office is required to develop a common application platform for utility assistance programs, which will streamline the application process for residents.

The common application platform will allow users to identify available utility assistance programs, determine eligibility, submit applications, and monitor their application status. The bill aims to centralize the administration of energy incentive and utility assistance programs, thereby reducing administrative costs and improving service delivery to the public. By consolidating these programs, the Board of Public Utilities can focus more on its regulatory role, ensuring that utility customers receive affordable services.