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New Jersey Board of Public Utilities Releases Solar Transition Straw Proposal

New Jersey Board of Public Utilities Releases Solar Transition Straw Proposal

Author: William SullivanDate: January 30, 2019

The New Jersey Board of Public Utilities (BPU) recently published a straw proposal intended to aid in the transition from the current Solar Renewable Energy Certificate (SREC) Program to a new system that is yet to be determined. While the straw proposal provides a basic roadmap for the transition process, it still leaves many questions that must be hashed out as the process continues.

In May, Gov. Phil Murphy signed the Clean Energy Act into law (Assembly Bill 3723). The new law sets the target of the state's renewable portfolio standard at 50 percent by 2030. It also includes cost caps that ensure energy costs to consumers don’t increase by more than 7 percent.

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