New Jersey Plan Aims for 21% Electric Cost Savings By 2026
A new initiative in New Jersey proposes a comprehensive plan to reduce electric costs for households, aiming to save up to 21% on bills by 2026. Spearheaded by Evergreen Collaborative and the Natural Resources Defense Council, the proposal outlines four key steps to achieve this goal, including clearing renewable energy project backlogs, encouraging data centers to invest in clean energy, limiting utility profits, and implementing smart electric vehicle charging programs. An independent analysis suggests that if left unaddressed, households could face an additional $70 per month by 2028 due to grid delays and increasing demand, highlighting the need for policymakers to act on this plan and work collaboratively with stakeholders to address the challenges posed by New Jersey's outdated energy system.
