AI Summary

New Jersey’s Board of Public Utilities proposed a program on Aug. 17 to solicit up to 150 MW of behind‑the‑meter residential storage, aiming to feed a virtual power plant that third‑party suppliers can access. The plan offers a maximum annual incentive of $200 per kilowatt for ten years, reflecting the “private resilience value” of such systems. The proposal follows an executive order from Governor Mikie Sherrill, signed shortly after her Jan. 20 inauguration, directing the BPU to solicit new solar and storage capacity and begin developing the VPP program.

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