Committee releases energy storage incentive bill after mixed testimony on program design
S631 to authorize BPU incentives for energy storage was released by the committee. Supporters praised incentives and market growth potential; rate counsel and others urged a gap analysis and explicit safeguards to avoid over‑subsidizing.
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The committee released S631, a bill to authorize incentives and a BPU‑administered program for energy storage systems intended to reduce electricity costs and expand grid capacity. Advocates said targeted incentives are needed to reach state storage goals and cited examples of savings in other states.
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