Newsroom & Public Notices
NJBPU Releases Highly-Anticipated Energy Storage Incentive Program Straw Proposal
| For Immediate Release: | Contact: Tracy Munford |
| Date: 11/12/2024 | 609-940-1099 |
“Creating the framework for energy storage is one of the most significant actions we will take to create a more resilient electric grid in New Jersey,” said Christine Guhl-Sadovy, President of the New Jersey Board of Public Utilities. “We look forward to getting feedback on this proposal.”
The State of New Jersey has one of the most ambitious storage targets in the nation, with a statutory mandate to achieve 600 megawatts (“MW”) of installed energy storage by 2021, growing to 2,000 MW by 2030. Energy storage resources are critical to bolstering the resilience of New Jersey’s electric grid, reducing carbon emissions, and enabling New Jersey’s transition to 100% clean energy.
In the NJSIP Straw Proposal, Staff of the NJBPU propose to create two energy storage segments for Front-of-Meter and Behind-the-Meter energy storage incentives, patterned after the Board’s Successor Solar Incentive (“SuSI”) Program. However, while the SuSI Program incentivizes stand-alone solar and Grid Supply solar-plus-storage projects, this Straw Proposal will focus on incentivizing stand-alone Grid Supply energy storage projects as well as solar-plus-storage projects that are ineligible to receive storage incentives from the SuSI Program. Incentives will not be retroactive. Only energy storage projects placed into service after the date of the Board Order establishing this program will be eligible for incentives.
Along with the Straw Proposal, the NJBPU provided notice of a virtual stakeholder meeting on November 20, 2024 to present the NJSIP Straw Proposal and associated draft rules. Registration is required. This 2024 Straw Proposal builds on the NJBPU’s September 29, 2022 NJSIP Straw Proposal to reflect stakeholder input solicited by the NJBPU via a Request for Information, which was issued by the NJBPU under Docket Number. QO22080540 on August 8, 2023.
For more information about the NJSIP Straw Proposal and associated Virtual Stakeholder Meeting Notice, please visit: https://nj.gov/bpu/pdf/publicnotice/Notice-Stakeholder%20Meeting.pdf.
About New Jersey’s Clean Energy Program (NJCEP)
NJCEP, established on January 22, 2003, in accordance with the Electric Discount and Energy Competition Act (EDECA), provides financial and other incentives to the State's residential customers, businesses and schools that install high-efficiency or renewable energy technologies, thereby reducing energy usage, lowering customers' energy bills and reducing environmental impacts. The program is authorized and overseen by the New Jersey Board of Public Utilities (NJBPU), and its website is www.NJCleanEnergy.com.
About the New Jersey Board of Public Utilities (NJBPU)
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 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 NJBPU, visit our website at www.nj.gov/bpu.
