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April 22, 2024
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Brattle: NJ Ratepayers Could Save Under Energy Master Plan
Projected annual energy costs for non-low-income customers of Atlantic City Electric and South Jersey Gas. Yellow boxes represent the “clean energy program costs” within the bills. [1] Keeping energy use constant at 2020 levels, annual energy cost increases by 17% relative to the 2020 customer, in real dollars. [2] EE reduces annual energy cost by 5% compared to profile 1. [3] EV adoption reduces energy costs by 15% compared to profile 2. Note: Costs do not include the investments needed to convert to an EV or heat pump. Brattle said it expects most customers will fit profile 2, with increasing numbers fitting in 3 and 4 by 2030.
Projected annual energy costs for non-low-income customers of Atlantic City Electric and South Jersey Gas. Yellow boxes represent the “clean energy program costs” within the bills. [1] Keeping energy use constant at 2020 levels, annual energy cost increases by 17% relative to the 2020 customer, in real dollars. [2] EE reduces annual energy cost by 5% compared to profile 1. [3] EV adoption reduces energy costs by 15% compared to profile 2. Note: Costs do not include the investments needed to convert to an EV or heat pump. Brattle said it expects most customers will fit profile 2, with increasing numbers fitting in 3 and 4 by 2030. | The Brattle Group
N.J. residents that drive EVs, embrace energy efficiency and convert to electric heating could pay hundreds of dollars a year less in energy bills in 2030.
Employment & Economic ImpactEnergy EfficiencyLight-duty vehiclesNew JerseySpace HeatingState and Local Policy