No increase in funds for clean energy overall but extra for energy efficiency

Thermostat

TOM JOHNSON / NJ SPOTLIGHT – The state is proposing to maintain funding for its Clean Energy Program in the upcoming fiscal year but plans to ramp up spending significantly on energy efficiency in the wake of a year-old law mandating utilities to achieve specific targets to cut gas and electric use.

In a draft budget for fiscal year 2020 issued last week by the New Jersey Office of Clean Energy, the state is proposing to maintain funding for the program at $344.7 million. That reflects about half of the annual cost to utility customers of a surcharge on their monthly bill to pay for energy-related programs …

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