NJ AJR216

Directs the Board of Public Utilities (BPU) to investigate whether PJM Interconnection's Reliability Pricing Model (capacity market) is obtaining resource adequacy at the lowest possible cost, with a report due to the Governor and Legislature within 12 months

Requires New Jersey to collaborate with neighboring states in PJM's jurisdiction to promote equitable practices, prioritize carbon-free energy sources, and reduce climate change impacts on energy demand and costs

Urges PJM to implement market reforms protecting ratepayers from rising capacity prices and to expeditiously review new electricity generation applications to address interconnection queue delays

Addresses concerns that PJM's capacity market auction costs are increasing electricity bills for ratepayers while delays in approving new generation resources prevent competition that could lower prices

Copies of the resolution will be transmitted to BPU Commissioners and all members of the PJM Board of Managers