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Electric Basic Generation Service
On August 14, 2024, the Board approved a joint petition by the EDCs requesting authorization to update firm transmission rates related to FERC-approved cost allocations.
For a typical residential electric customer using 650 kWh, their monthly bills will change by the following amounts – ACE – $3.68 increase, JCP&L – 2 cents decrease, PSE&G – 4 cents decrease, and RECO – 2 cents decrease. (BPU Docket No. ER24060465) (In The Matter Of The Provision Of Basic Generation Service For The Period Beginning June 1, 2024 Compliance Tariff Filing Reflecting Changes To Schedule 12 Charges In PJM Open Access Transmission Tariff)
On August 14, 2024, the Board approved scope and budget modifications to New Jersey’s 2022-2027 State Energy Program – Bipartisan Infrastructure Law Plan to the U.S. Department of Energy. The total budget for this plan is $9.8 million. The Board is removing the multi-unit dwelling EV charging program for non-IOU customers and the municipal LED streetlights program for non-IOU customers as both programs will receive funding from other sources. (BPU Docket No. QO22100660). (In The Matter Of The United States Department Of Energy – State Energy Program – Bipartisan Infrastructure Law – July 1, 2022 – June 30, 2027)
