Executive Order No. 2

New Jersey’s regulator proposes 150 MW of behind-the-meter storage with up to $200/kW-year incentives for 10 years to back a two-year, residential-storage–driven VPP pilot, as part of a broader 2 GW-by-2030 storage push.

New Jersey’s BPU straw proposal defines a two-year, utility-administered, tech-neutral VPP for customer-sited storage that evolves into an open-access tariff by 2029, with upfront incentives, on-bill repayment options, and potential for utility ownership to backstop grid congestion amid aggressive EO-driven targets.