The resolution expresses a lack of confidence in the New Jersey Board of Public Utilities (BPU) due to its failure to effectively regulate energy costs and ensure affordable utility services for residents. The BPU is responsible for overseeing the generation, transmission, and distribution of energy in the state, but under its current policies, New Jersey has transitioned from being a net exporter to a net importer of electricity. As a result, electricity prices for New Jersey residents are significantly higher than the national average, with an expected increase of 17 to 20 percent in average monthly electric bills by June 2025.
Concerns have been raised regarding the BPU's prioritization of green energy initiatives over the immediate needs of ratepayers, as well as its inadequate responses to rising energy costs. Statements from BPU commissioners indicate a dismissive attitude towards dissenting opinions and a focus on promoting electrification and renewable energy goals without addressing the affordability crisis faced by residents. Consequently, the General Assembly has resolved that it no longer has confidence in the BPU's ability to provide affordable energy and mitigate the impacts of rising costs for New Jerseyans.