Bill > A5054

This bill requires the Board of Public Utilities (BPU) to conduct a comprehensive review of electric rates and revenues for electric public utilities that use smart meters, which are advanced metering devices capable of recording detailed electricity usage data. The bill defines smart meters as electric metering devices that can measure and record electricity usage more precisely than conventional meters, including basic hourly interval meters and real-time meters with two-way communication capabilities. Specifically, the BPU must compare the rates and revenue amounts for each electric public utility both before and after the installation of smart meters. Within six months of the bill's enactment, the BPU is mandated to submit a written report summarizing its findings to the Governor and the Legislature. The bill is designed to provide transparency and insight into how the adoption of smart meter technology might impact electricity rates and utility revenues. The legislation will automatically expire once the report is submitted, making it a targeted, time-limited review of smart meter implementation in New Jersey.

Transportation and Infrastructure

https://www.njleg.state.nj.us/bill-search/2024/A5054