Clean Energy Future
PSE&G has proposed a Clean Energy Future program with the New Jersey Board of Public Utilities to make critical investments in clean energy and advanced technology that would help propel New Jersey’s role as a national leader in energy efficiency and jumpstart other clean energy priorities.
PSE&G’s Clean Energy Future proposal is among the most significant advances in New Jersey energy policy ever presented in this state. It calls for historic investments in energy efficiency, electric vehicle charging infrastructure, in utility-scale energy storage capabilities, and in technology that will help PSE&G take great leaps forward in reliability and resiliency.
Clean Energy Future also includes a plan to implement an advanced technology platform, called the Energy Cloud, which would modernize the way the utility serves customers in the future.
The most significant aspect of the proposal, however, is the six-year energy efficiency program that will mean $5.7 billion in gross lifetime bill savings for customers who participate in the program. The program will help them cut their household energy use, leading to meaningful improvements in air quality and public health and reductions in the state’s carbon footprint.
If approved by the BPU, the Clean Energy Future program would build on PSE&G’s momentum to modernize its utility infrastructure, save customers billions of dollars on their energy bills, improve energy efficiency, reduce emissions, create thousands of jobs and have a multibillion-dollar impact on the local economy during the next 20 years.
Clean Energy Future represents a total commitment of approximately $4 billion during the next six years – $3.3 billion for energy efficiency, EVs and energy storage, and nearly $800 million for the Energy Cloud program, which would create an advanced technology network and upgrade all 2.2 million electric meters to smart meters.
PSE&G stands behind Governor Murphy and his clean energy agenda. We believe our Clean Energy Future proposal has the potential to transform the way we think about energy in New Jersey.
The result will be cleaner air, fewer emissions, shorter disruptions and reduced monthly bills.