Strategies Emerge to Allow New Jersey to Meet Energy Master Plan's Energy Efficiency Goals
The Northeast Energy Efficiency Partnership ("NEEP") has released its final report setting forth a number of strategies which the state may implement to achieve the New Jersey Energy Master Plan's ("EMP") energy efficiency goal of a 20 percent reduction in overall energy consumption by 2020. The report's recommendations encompass a portfolio of interrelated programs and public policy changes to set new standards, build marketplace capacities and to provide assistance to a large majority of New Jersey residents, businesses, and institutions to significantly improve the energy performance of existing and new homes and buildings across a variety of market sectors.
Recommendations include the creation of a new energy efficiency utility, action to establish a market value for energy efficient homes and buildings (e.g., time of sale and building energy rating requirements for existing homes and buildings), updates to building energy sub-codes, policies to promote a long-term goal of net zero energy usage by new homes and buildings, and smart rate structures (e.g., time of use pricing) that encourage reduced consumption. According to the EMP's companion Implementation Strategy document, action by the Board of Public Utilities on NEEP's recommendations is anticipated to occur later this year.