Clean Energy Future
PSE&G has gained approval, from New Jersey regulators, of three key aspects of its historic Clean Energy Future program. The approvals of PSE&G Energy Efficiency, Energy Cloud and Electric Vehicle initiatives clear the way for critical investments in advanced technology designed to address the global problem of climate change, lower energy bills and enhance economic opportunities across the state, especially in urban centers.
Under the Energy Efficiency initiative approved by the New Jersey Board of Public Utilities, PSE&G will invest $1 billion to help customers cut household energy use, leading to meaningful improvements in air quality and public health and reductions in the state’s carbon footprint.
The Energy Cloud program will provide a real-time digital communication network linking PSE&G with more than 2 million electric customers. The utility will invest approximately $700 million to provide every customer with smart meters, for the Energy Cloud technology, which is expected to usher in a more dynamic and resilient utility system.
PSE&G’s Electric Vehicle initiative helps customers with the cost of installing residential charging equipment, EV chargers at multifamily buildings, government facilities and at public parking lots, as well as fast charging infrastructure at high-traffic corridors such as the Turnpike and the Parkway.
Proposals to invest in electric school buses and utility-scale energy storage capabilities are under review.
The Clean Energy Future proposal is among the most significant advances in energy policy ever presented in New Jersey.
Amid the economic hardship and unprecedented job losses caused by the COVID-19 pandemic, the investment in clean energy could not come at a better time. The Clean Energy Future program as proposed would build on PSE&G’s existing efforts to modernize its utility infrastructure, lower customers’ energy bills, improve energy efficiency, reduce emissions, create jobs and impact the local economy for years to come.
PSE&G stands behind New Jersey Governor Phil 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, leading to cleaner air, shorter disruptions and reduced monthly bills.