New Jersey Renewable Energy Standard

Electric grid mix in new jersey natural gas.

New jersey renewable energy standard.

New jersey s renewable portfolio standard rps is one of the most aggressive in the u s. Tier 1 obligation for utilities and other lses. New jersey s renewable portfolio standard was updated in 2018 to require that 21 of the electricity sold in the state be generated from renewable sources by 2021 35 by 2025 and 50 by 2030. By investing in renewable energy you can help protect the environment reduce our dependence on fossil fuels and lessen our carbon footprint.

And a third new program focused on offshore wind resources. New jersey s renewable portfolio standard was updated in 2018 to require that 21 of the electricity sold in the state be generated from renewable sources by 2021 35 by 2025 and 50 by 2030. The rps requires each electricity supplier serving retail electricity customers in the state to procure 22 5 of the electricity it sells in new jersey from qualified renewable energy resources by 2021. This page contains links to relevant regulatory rulings by the new jersey board of public utilities that affect the renewable portfolio standard rps and the solar renewable energy credit srec program.

Thousands of new jersey homeowners businesses and municipalities are incorporating clean renewable energy into their everyday lives with help from new jersey s clean energy program. You can take advantage of this program to save energy and lower your utility bills. The res has three parts. The state must generate 5 1 of its energy from solar energy by 2021.

In 2019 new jersey released its energy master plan. Pathway to 2050 a plan to meet 100 of the state s energy needs with clean energy by 2050. New jersey is advancing and diversifying its clean energy portfolio through leadership and strong policy. Wind turbine at atlantic county utilities authority.

Tier 2 obligation for older generators in financial risk. The state of new jersey is known for the third most ambitious renewable portfolio standard just trailing behind california and new york. New jersey has one of the most ambitious renewable portfolio standards in the country by requiring 35 of the energy sold in the state come from qualifying energy sources by 2025 and 50 by 2030. Together the renewable energy standard res the renewable energy standard res a part of the clean energy standard.

New jersey established the rps to drive the market deployment of new clean energy technologies recognizing that expansion of renewable energy. Energy information administration s open data api electricity net generation. In as little as 9 years the state must generate 50 of its energy from renewable sources by 2030. Renewable energy incentive program.

Pathway to 2050 a plan to meet 100 of the state s energy needs with clean energy by 2050. Above all the state s renewable portfolio standard and associated solar renewable energy certificate srec market have been instrumental towards growing solar throughout the state. However in june 2018 the state decided to phase out srecs in favor of a new yet to be established successor solar program.