Translator Disclaimers
For Immediate Release: Contact: Peter Peretzman
Date: 10/16/2018 609-984-9707
Public Feedback Will Provide Groundwork for New Jersey’s Solar Market Transition
TRENTON—In its ongoing effort to develop clean and renewable energy resources and to reduce costs for residents, the New Jersey Board of Public Utilities (NJBPU) will hold a public stakeholder meeting to gather input on the state’s solar future.

 

This input will be a key driver for New Jersey’s solar market transition, in line with Governor Phil Murphy’s goal of transitioning the state to 100 percent clean energy by 2050.

 

“The future of solar is bright in New Jersey,” said NJBPU President Joseph L. Fiordaliso. “The NJBPU is committed to a robust public process that will enable us to develop the most effective and efficient solar program possible.”

 

In May, Governor Murphy signed a landmark renewable energy law that gives the Board the ability to transform the solar energy market. The state’s current Solar Renewable Energy Credit (SREC) program will close upon attaining 5.1 percent of the kilowatt-hours sold in New Jersey from solar electric power generators connected to the distribution system. The determination of 5.1 percent will be noted by a Board Order indicating that the milestone has been met, or no later than June 1, 2021.

 

The meeting will take place Wednesday, October 17, at Larsen Auditorium, Seton Hall Law School, One Newark Center, Newark, from 4 p.m. to 7 p.m. The Board requests comments on discussion points to organize the development of a new system. All comments must be received on or before 5 p.m. on November 2, 2018.

 

For more information on New Jersey’s Solar Market Transition hearing and for instructions on how to submit comments, visit www.nj.gov/bpu.

 

About the 2019 EMP
New Jersey’s 2019 Energy Master Plan (EMP) is intended to set forth a strategic vision for the production, distribution, consumption, and conservation of energy in the State of New Jersey. The New Jersey Board of Public Utilities (NJBPU) serves as the lead agency and is tasked with the development and oversight of the State’s EMP Committee. To achieve Governor Murphy’s ambitious energy goals, the EMP Committee is organized into five work groups: Clean and Renewable Energy; Sustainable and Resilient Infrastructure; Reducing Energy Consumption; Clean and Reliable Transportation; and Building a Modern Grid. To find out more about the EMP, visit www.nj.gov/emp.

 

About New Jersey Board of Public Utilities (NJBPU)
The NJBPU is a state agency and regulatory authority mandated to ensure safe, adequate and proper utility services at reasonable rates for New Jersey customers. Critical services regulated by the NJBPU include natural gas, electricity, water, wastewater, telecommunications and cable television. The Board has general oversight and responsibility for monitoring utility service, responding to consumer complaints, and investigating utility accidents. To find out more about the NJBPU, visit
www.nj.gov/bpu.