NJ S3838

Creates the "Community Power Storage Program" allowing New Jersey utility customers to participate in remote energy storage projects within their utility service territory and receive credits on their utility bills equal to or greater than the electricity discharged from those projects.

Caps individual energy storage projects at 5 megawatts each, with a total program goal of 2,000 megawatts to be registered by December 31, 2034, starting with 250 megawatts before June 1, 2026 and 250 megawatts annually thereafter.

Requires the Board of Public Utilities to adopt rules within 210 days establishing geographic limitations that prioritize urban areas and unoccupied industrial sites, minimum customer participation requirements, bill credit values, and access provisions for low- and moderate-income customers.

Mandates that approved projects have at least two participating customers and include verification processes ensuring energy discharged equals or exceeds credits issued, along with consumer protection measures.

Permits electric public utilities to recover all costs incurred in implementing and complying with the program, subject to Board review.