New Jersey S4752 requires the Board of Public Utilities to allow bidding for one, two, and three-year supply periods in basic generation service.
New Jersey S4752 mandates the Board of Public Utilities to permit bidding for one, two, and three-year supply periods during basic generation service auctions. This bill aims to provide more competitive bidding options for certain customers, potentially lowering utility costs. The Board must select the most price competitive bids, excluding those for Commercial and Industrial Energy Pricing class customers. This change is intended to address concerns about increased electricity costs due to longer supply periods.
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