New Jersey A4988 mandates electric public utilities to offer time-varying rates to eligible residential customers.

New Jersey A4988, known as the "Efficient Energy Use Act," requires electric public utilities to develop time-varying rates for eligible residential customers. These customers, identified by smart meters, can opt-in to these rates after the New Jersey Board of Public Utilities approves the updated schedule of tariffs. The board, in consultation with other state agencies, must establish best practices for integrating these customers into existing energy efficiency programs.

New Jersey A4988 mandates electric public utilities to offer time-varying rates to eligible residential customers.

New Jersey A4988, known as the "Efficient Energy Use Act," requires electric public utilities to develop time-varying rates for eligible residential customers. These customers, identified by smart meters, can opt-in to these rates after the New Jersey Board of Public Utilities approves the updated schedule of tariffs. The board, in consultation with other state agencies, must establish best practices for integrating these customers into existing energy efficiency programs.