A.B. 3723 enacted in May 2018 to adopt an energy efficiency program for each utility to increase energy efficiency and peak demand reduction for electricity and natural gas use in its service territory, as appropriate, by 2% of the average energy usage in the prior three years within five years of the implementation of the program. Each utility will develop a program and submit to the Board of Public Utility for approval.
The bill requires the New Jersey Board of Public Utilities to establish a stakeholder process to evaluate the economically achievable energy use reduction, peak demand reduction, rate adjustments, measurement and verification process for energy efficiency in the state.
|Incentive Type:||Energy Efficiency Resource Standard|
|Eligible Renewable/Other Technologies:||
|Electric Sales Reduction:||2% of the average energy usage in the prior three years within five years of the implementation of the program|
|Electric Peak Demand Reduction:||2% of the average energy usage in the prior three years within five years of the implementation of the program|
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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