Utility Dive•about 1 month ago
In New Jersey, we’re leading by example, tackling energy affordability head-on
Key Takeaway
New Jersey is aggressively pursuing policy and market reforms to expedite solar and storage development while addressing energy affordability, signaling a dynamic regulatory environment for power developers and large consumers.
AI Summary
- •New Jersey's BPU is actively expediting the development and deployment of solar and energy storage projects, signaling a favorable regulatory environment for developers.
- •The BPU is advocating for significant structural market and cost recovery reforms at state, regional (PJM), and federal (FERC) levels, which could impact market rules, pricing, and investment for both developers and large loads.
- •A primary focus is tackling energy affordability, suggesting potential changes in cost allocation and recovery mechanisms that could affect large power consumers' operational costs and developers' project economics.
Topics
capacity-marketfercinterconnectpjmpolicysolarstorage
Article Content
Christine Guhl-Sadovy, president of the Board of Public Utilities, says the BPU is expediting solar and storage while advocating for structural market and cost recovery reforms at the state, regional and federal levels.