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Bill > A6157
NJ A6157
NJ A6157Establishes alternative compliance payment to satisfy Class II renewable energy requirements.
summary
Introduced
12/04/2025
12/04/2025
In Committee
12/04/2025
12/04/2025
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill establishes a new alternative compliance payment for Class II renewable energy generation requirements at the value of $10 per megawatt hour. Currently, the Board of Public Utilities (BPU) sets the price for alternative compliance payments. Energy suppliers and producers are required to sell a minimum amount of qualified renewable energy each energy year as set by BPU. Suppliers and producers can meet this requirement by purchasing and retiring Renewable Energy Certificate's (RECs) to meet their renewable energy requirements for that energy year. If an energy supplier or provider has not met their minimum renewable energy requirements by the submission of RECs, the supplier or provider can instead pay an alternative compliance payment for the amount of RECs that were required but not submitted.
AI Summary
This bill establishes a new alternative compliance payment (ACP) mechanism for Class II renewable energy generation requirements in New Jersey. Specifically, the bill allows electric power suppliers and basic generation service providers to submit an alternative compliance payment of $10 per megawatt-hour if they cannot meet their mandated Class II renewable energy requirements. The bill defines an alternative compliance payment as a payment that electric power suppliers can submit to the Board of Public Utilities (BPU) to comply with renewable energy generation requirements. Any funds collected through these alternative compliance payments will be directly refunded to ratepayers by electric public utilities. The bill amends existing energy regulations to add this new compliance option, providing flexibility for energy suppliers while ensuring that renewable energy goals are supported and consumers are financially protected. The new provision goes into effect immediately upon passage.
Committee Categories
Transportation and Infrastructure
Sponsors (3)
Last Action
Introduced, Referred to Assembly Telecommunications and Utilities Committee (on 12/04/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/A6157 |
| BillText | https://pub.njleg.gov/Bills/2024/A6500/6157_I1.HTM |
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