This bill mandates that various State agencies, including the Department of Community Affairs, Department of Human Services, and the Board of Public Utilities, conduct a review of the income thresholds for residential customers participating in utility bill payment assistance and energy efficiency programs. This review must be completed within one year following the Board of Public Utilities' final order regarding energy affordability for low- and moderate-income households. If deemed appropriate, these agencies are required to increase the income thresholds, taking into account factors such as alignment across programs, alternative income thresholds, and the overall impact of any changes.

Additionally, the bill stipulates that State agencies must solicit public comments or seek assistance from other agencies to inform their decisions on potential increases to the income thresholds. It also includes a provision that if an increase is ordered for low-income energy efficiency programs, the Board of Public Utilities must evaluate whether further guidance is needed to adjust income thresholds in related programs, ensuring that low- and moderate-income customers are eligible for only one assistance program and potentially expanding access to moderate-income programs. The act will take effect immediately and will expire once the final income threshold increase is implemented.