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  • NJ A1500
  • Increases renewable energy and energy efficiency requirements under "Electric Discount and Energy Competition Act."
Introduced
(1/27/2016)
In Committee
(1/27/2016)
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill amends provisions of the "Electric Discount and Energy Competition Act" ("EDECA"), P.L.1999, c.23 (N.J.S.A.48:3-49 et al.), concerning renewable energy and energy efficiency. Specifically, this bill: · requires the BPU to offer, as a minimum, the same level of incentives for renewable energy and energy efficiency programs as those offered as of January 1, 2011; · provides all classes of ratepayers with access to solar renewable energy certificates (SRECs); · increases the State's renewable energy portfolio standard to require 30% of the State's electricity to be from Class I renewable energy sources by 2020; · requires the BPU to set the value of the Solar Alternative Compliance Payment (SACP) higher than the value of a SREC; and · requires the BPU to establish a uniform Statewide energy efficiency policy, which would include establishment of an energy efficiency portfolio standard and require electric power suppliers and gas suppliers to develop "efficiency first" plans, which consider the ability of a supplier to meet demand through energy efficiency and conservation measures. Currently, EDECA requires the BPU to conduct a comprehensive resource analysis to determine the programs to be funded by the societal benefits charge, the level of cost recovery and performance incentives for old and new programs, and whether the recovery of the costs of demand side management programs currently approved by the board may be reduced or extended over a longer period of time. The current comprehensive resource analysis is for 2009 through 2012. This bill would require, for the next comprehensive resource analysis approved by the BPU following the date of enactment of this bill into law, that: (1) at a minimum, the same level of incentives offered for demand side management programs and Class 1 renewable energy projects offered as of January 1, 2011 continue to be offered; and (2) all classes of ratepayers have access to solar renewable energy certificates and the availability of SRECs shall not be limited to specific classes of customers. EDECA directs the BPU to establish a renewable energy portfolio standard (RPS) and specifies that the BPU increase the required percentage for Class I renewable energy sources to one percent by January 1, 2006 and increase the required percentage by one-half of one percent each year until January 1, 2012, when four percent of the kilowatt hours sold in the State must be from Class I renewable energy sources. The BPU's existing RPS exceeds these statutory requirements and requires that 22.5% of the State's electricity needs must be met by renewable energy sources by the year 2020. The 2008 Energy Master Plan calls for increasing the State's RPS to a goal of 30% by 2020. The 2011 Draft Energy Master Plan, released for public comment in June 2011, lowers this goal back to the current 22.5% requirement established by the BPU. This bill would establish the 30% RPS in statute. Further, this bill would require the BPU to set the value of the SACP higher than the value of a SREC. Currently, EDECA directs the BPU to determine an appropriate level of SACP, and establish a 15-year SACP schedule, that permits each supplier or provider to submit an SACP to comply with the solar electric generation requirements of EDECA. Current law also provides that the BPU may initiate subsequent proceedings and adopt, after appropriate notice and opportunity for public comment and public hearing, an increase in solar alternative compliance payments, provided however that the BPU does not reduce previously established levels of SACP nor provide relief from the obligation of payment of the SACP by the electric power suppliers or basic generation service providers in any form. This bill would further specify that the BPU, in establishing the level of the SACP, would have to set the SACP higher than the value of an SREC, in order to provide an incentive for electric power suppliers and basic generation service providers to comply with the SREC requirements. Lastly, this bill would require the BPU to establish a uniform Statewide energy efficiency policy. Under EDECA, the BPU is authorized, but not required, to establish an electric energy efficiency portfolio standard and a gas energy efficiency portfolio standard. This bill would require the BPU to develop these standards, and also direct the BPU to require electric power suppliers and gas suppliers to develop "efficiency first" plans, which consider the ability of a supplier to meet demand through energy efficiency and conservation measures.
Telecommunications and Utilities
Introduced, Referred to Assembly Telecommunications and Utilities Committee  (on 1/27/2016)
 
 
Date Chamber Action Description
1/27/2016 A Introduced, Referred to Assembly Telecommunications and Utilities Committee
Date Motion Yea Nay Other
None specified