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NJ A4012
Bill
Status
2/5/2026
Primary Sponsor
Alex Sauickie
Click for details
AI Summary
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Prohibits the New Jersey Board of Public Utilities (BPU) from authorizing rate increases for electric or gas utilities that use inclining block rates for residential customers
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Inclining block rates charge higher prices when usage exceeds certain thresholds, regardless of when energy is consumed
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Cites a December 9, 2024 BPU report finding that inclining block rates are "outdated" and not cost-reflective of actual power generation costs
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Intended to reduce electricity rates for residential customers, particularly during summer months when usage typically increases
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Takes effect immediately upon enactment and requires BPU to adopt implementing regulations
Legislative Description
"Energy Cost Fairness Act"; prohibits BPU from authorizing rate increases for electric and gas public utilities that charge inclining block rates for residential customers.
Telecommunications and Utilities
Last Action
Introduced, Referred to Assembly Telecommunications and Utilities Committee
2/5/2026