The Electricity Bill Transparency Act mandates that electric public utilities in New Jersey must clearly itemize specific charges on customer electricity bills. This includes the amount of tax imposed by the Sales and Use Tax Act, the societal benefits charge, and any clean energy charges. The bill also requires that the societal benefits charge be itemized to show how much is allocated to each societal benefits program. This initiative aims to enhance transparency for customers regarding the various charges on their bills that are not directly related to the cost of electricity provision.

The act introduces new legal language that requires electric utilities to separately list these charges, thereby ensuring that customers are informed about the non-utility related costs they are paying. This is intended to raise awareness among customers about the funding of programs that may not directly benefit them, thereby promoting greater understanding of their electricity bills. The act will take effect six months after its enactment.

Statutes affected:
Introduced: 54:32B-14, 48:3-60