New Jersey A4511 prohibits public utilities from receiving additional revenue through rate adjustments due to decreased energy usage from customer.

New Jersey A4511 amends existing law to prohibit electric and gas public utilities from being eligible for rate treatment or other incentive or rate mechanisms that provide additional revenue to utilities in certain circumstances. The bill specifically targets rate adjustments that compensate utilities for lost revenue due to customer participation in energy efficiency, conservation, or renewable energy programs. Utilities are still allowed to invest in and offer these programs, but they cannot recover costs or receive additional revenue through rate increases.

New Jersey A4511 prohibits public utilities from receiving additional revenue through rate adjustments due to decreased energy usage from customer.

New Jersey A4511 amends existing law to prohibit electric and gas public utilities from being eligible for rate treatment or other incentive or rate mechanisms that provide additional revenue to utilities in certain circumstances. The bill specifically targets rate adjustments that compensate utilities for lost revenue due to customer participation in energy efficiency, conservation, or renewable energy programs. Utilities are still allowed to invest in and offer these programs, but they cannot recover costs or receive additional revenue through rate increases.