In May 2020, the New Jersey Board of Public Utilities (BPU or Board) initiated an investigation into resource adequacy1 alternatives, directing Staff to assess “whether New Jersey can achieve its long-term clean energy and environmental objectives under the current resource adequacy paradigm and, if not, recommend how best to meet New Jersey’s resource adequacy needs in a manner consistent with the State’s clean energy and environmental objectives, while considering costs to utility customers.”

Over the past year, the Board and Staff have collected extensive input and evidence from stakeholders through receipt of written comments, a series of work sessions, and engagement with regional stakeholders. The BPU has further engaged consultants at The Brattle Group to conduct a modeling assessment of several resource adequacy alternatives, examining the cost, financial risk, and likely environmental outcomes of each framework under consideration.

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Alternative Resource Adequacy Structures for New Jersey