NJ S3399

Directs the Board of Public Utilities to establish a virtual power plant program with a target of 500 megawatts of peak demand reduction by 2030

Virtual power plants would aggregate distributed energy resources like residential solar, battery storage, and EV chargers to reduce grid strain during peak periods and defer costly infrastructure upgrades

Requires each electric utility to file an implementation plan and annual reports demonstrating compliance with peak demand reduction, customer enrollment, and cost avoidance metrics

Prohibits electric utilities from directly controlling customer virtual power plants or demand response systems; third-party aggregators must control these systems

Mandates that low- and moderate-income customers and overburdened communities be included in and benefit from the program