The jcpl Energy is the fuel that drives our lives. As the Garden State grows and develops as does the need to find new ways to consider how we generate and manage electricity. To meet the challenges of today in the energy sector, the State of New Jersey has a series of ambitious goals for the future of its energy system.
Strategy 1: Accelerate the Clean-Energy Transition
The state’s goal of reaching 100% clean energy by 2050 also includes electrifying the building and transportation sectors as they are two of the most carbon-intensive sectors of our economy. The Clean-Energy Transition Act would accelerate this process by requiring power plants supplying New Jersey electricity to emit zero greenhouse gas emissions.
Strategy 2: Make New Jersey’s Renewable Energy More Affordable
One of the key components of the Clean-Energy Transition Plan is a obligation that all electric companies in the state will sell at minimum 21% of their power from renewable sources by 2021, with an additional goal of reaching 50% by 2030. In addition to solar and wind energy in the state, the Garden State is also home to several geothermal plants, hydropower generators and biomass plants that produce clean, renewable power from natural resources.
Strategies 3 and 4: Inspire New Jersey Suppliers to Diversify their Businesses
The Energy Master Plan is just one of the significant initiatives that will allow New Jersey to meet the global demand and create jobs, boost investment, and expand our clean-energy innovation economy. It provides a comprehensive plan to help New Jersey transform its energy generation as well as transportation and building sectors in order to become a world-leading leader in clean energy by 2020 and 100% clean energy by 2050.
These strategies will lead to the development of a new industry cluster in clean-energy services and products, creating new knowledge and jobs in clean energy and a competitive advantage for New Jersey. This will be achieved by creating a clean energy innovation economy that attracts supply chain companies and fosters cutting-edge clean-energy research and development.
Strategy 5: Promote a Sustainable Energy Future
The Garden State’s future economic growth depends on the clean-energy transition. It will require strong commitment from the state’s public utilities, in addition to an array of energy suppliers, from small-scale wind farms to massive-scale industrial solar installations.
The state’s third-party suppliers and energy providers must create a competitive energy market to ensure the success of the clean energy transition. They must be licensed and regulated by the New Jersey Board of Public Utilities. They are allowed to compete for consumer business through providing competitive prices and customer-focused services plans.
The Board of Public Utilities launched NJ Powerswitch to help customers in New Jersey find competitive electric rates. It provides all the details and tools you require to know and compare your options. If you’re a commercial or residential customer, NJ Powerswitch is a great resource for finding the best electricity provider and offering the best rates on energy in the Garden State.