Governor Phil Murphy • Lt. Governor Tahesha Way |
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For Immediate Release: | Contact: Peter Peretzman |
Date: 07/29/2020 | (609) 984-9707 |
“By emphasizing investments that will advance renewable energy, increase energy efficiency, and create jobs, the programs in this budget will help Ó£»¨ÊÓÆµ address the threat of climate change and rise to the challenge of our economic recovery from COVID-19,” said Joseph L. Fiordaliso, NJBPU President. “The economic potential of offshore wind paired with the cost savings opportunities afforded by energy efficiency initiatives will generate a welcome tailwind for Ó£»¨ÊÓÆµ in these difficult times. By developing our clean energy workforce, we can put tens of thousands of Ó£»¨ÊÓÆµans to work, create a stronger, healthier state for the years and decades to come, and propel ourselves toward the Governor’s goal of 100 percent clean energy by 2050.”
The extended FY20 budget allocates $2.5 million to support inclusive and representative energy efficiency workforce development, including:
The new initiatives approved today are an extension of the State’s coordinated efforts to maximize the benefits of energy efficiency, which include lower costs, improved air quality, and added jobs in the clean energy economy.
In June, the Board approved a comprehensive Energy Efficiency and Peak Demand Reduction program that will help Ó£»¨ÊÓÆµ achieve some of the highest energy savings in the country while ensuring equitable access to energy efficiency initiatives for low- and moderate-income communities.
Additionally, in the 5th Quarter, NJCEP will activate $4.5 million in funding for a collaboration with the Ó£»¨ÊÓÆµ Economic Development Authority (NJEDA) to continue development of the Wind Innovation and New Development (WIND) Institute, as directed by Governor Phil Murphy’s Executive Order No. 79. The WIND Institute—which will be a center for offshore wind education, research, and workforce training—is mission-driven to empower Ó£»¨ÊÓÆµ’s workforce to participate in the state’s burgeoning offshore wind industry. Specifically, through NJBPU’s partnership with NJEDA, the WIND Institute will:
The Board expects to act on a nine-month budget for FY21 before the end of September.
About the Ó£»¨ÊÓÆµ Board of Public Utilities (NJBPU)
NJBPU is a state agency and regulatory authority mandated to ensure safe, adequate and proper utility services at reasonable rates for Ó£»¨ÊÓÆµ customers. Critical services regulated by NJBPU include natural gas, electricity, water, wastewater, telecommunications and cable television. The Board has general oversight and responsibility for monitoring utility service, responding to consumer complaints, and investigating utility accidents. To find out more about NJBPU, visit our website at .
About Ó£»¨ÊÓÆµ’s Clean Energy Program (NJCEP)
NJCEP, established on January 22, 2003, in accordance with the Electric Discount and Energy Competition Act (EDECA), provides financial and other incentives to the State's residential customers, businesses and schools that install high-efficiency or renewable energy technologies, thereby reducing energy usage, lowering customers' energy bills and reducing environmental impacts. The program is authorized and overseen by the Ó£»¨ÊÓÆµ Board of Public Utilities (NJBPU), and its website is .