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Board of Public Utilities urges direct bill credits, USF expansion to blunt price spike
Summary
Board of Public Utilities leaders told legislators on March 28 they are proposing direct bill credits, expansion of the Universal Service Fund and faster deployment of community solar and storage incentives to reduce the effect of higher electricity prices this summer.
New Jersey’s Board of Public Utilities told a joint Senate and Assembly hearing on March 28 it is pursuing a mix of near‑term and medium‑term actions to blunt the impact of rising generation prices on households.
BPU President Christine Gould Sidovi said the agency is proposing direct residential bill credits similar to last year’s summer payment — a roughly $175 summer credit aimed at customers on the winter termination program — and is exploring additional credits funded from the Clean Energy Fund and the Solar Alternative Compliance Payment (SACP). Sidovi said the agency also released a straw proposal to expand the Universal Service Fund (USF) that provides energy assistance for…
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