New Jersey Renewable Energy Mandate

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.

New jersey renewable energy mandate.

Renewable energy standard. 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. The governor and legislature are now considering a requirement that moves to 100. 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.

This establishes one of the most ambitious renewable energy standards in the country by requiring 21 percent of the energy sold in the state be from class i renewable. On september 9 2020 the board of public utilities approved the final new jersey offshore wind strategic plan the state s comprehensive roadmap for achieving 7 500 mw of offshore wind energy by 2035 the plan was developed by ramboll u s. Recs are created when renewable energy is sent out to the grid and are used to verify that utilities are meeting their targets. Utilities that are subject to these mandates must obtain renewable energy credits or certificates which represent the environmental benefits of one megawatt hour of renewable energy generation.

Governor phil murphy signed a law earlier this year that requires 50 percent renewable energy by 2030. Last week the new jersey senate passed a bill to require that utilities in the state source 80 of their electricity from renewable energy by 2050 under the bill utilities would need to get 11. Governor murphy has established an aggressive and achievable vision of 100 clean energy by 2050 and the owsp helps set. New jersey s clean energy picture.

New jersey is advancing and diversifying its clean energy portfolio through leadership and strong policy. In 2019 new jersey released its energy master plan. New jersey offshore wind strategic plan. New jersey s renewable portfolio standard rps is one of the most aggressive in the u s.

Corporation through an extensive public stakeholder process.