The bill proposes significant changes to New Jersey's energy regulations by repealing various energy reduction and reporting requirements. It amends Section 38 of P.L.1999, c.28 (C.48:3-87) to eliminate the obligations for electric power suppliers and basic generation service providers to disclose detailed environmental characteristics of the energy they provide, including fuel mix and emissions data. Additionally, it removes the requirement for the Board of Public Utilities (BPU) to adopt interim standards for emissions disclosure and renewable energy portfolio standards. The bill also seeks to streamline the regulatory process by allowing the BPU to adopt new standards and regulations without the constraints of the "Administrative Procedure Act," which could impact the state's renewable energy goals and environmental transparency for consumers.

Moreover, the bill introduces comprehensive net metering standards for electric power suppliers and basic generation service providers, mandating non-discriminatory rates for customer classifications generating electricity from Class I renewable energy sources. It also includes provisions for energy efficiency programs aimed at ensuring universal access for low-income communities and establishes a framework for solar alternative compliance payments (SACPs). The bill repeals the Clean Energy Act's mandates for electric and gas public utilities to achieve specific annual energy usage reductions and eliminates the BPU's authority to conduct studies on energy usage reduction. Overall, the bill aims to align New Jersey's energy policies with current administration goals, streamline solar project approvals, and promote energy efficiency and renewable energy development.

Statutes affected:
Introduced: 48:3-87, 48:3-87.9