New Jersey S4435 mandates electric public utilities to offer time-varying rates to eligible residential customers.
New Jersey S4435, known as the "Efficient Energy Use Act," requires electric public utilities to develop time-varying rates for eligible residential customers. These customers, defined as those with smart meters, can opt-in to these rates. The New Jersey Board of Public Utilities must establish best practices for integrating these customers into existing energy efficiency programs. Utilities must notify eligible customers about time-varying rates and file updated tariff schedules with the board.
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