New Jersey Board of Public Utilities approves PSE&G energy efficiency programs

The New Jersey Board of Public Utilities (NJ BPU) recently approved a proposal from Public Service Electric and Gas Company (PSE&G) to extend three of the company’s energy efficiency programs and
launch two new initiatives.

PSE&G will continue its Hospital Efficiency Program, Residential Multifamily Housing Efficiency Program, and Direct Install Program and begin a Smart Thermostat Program and Residential Data Analytics Program.

“Energy efficiency remains a huge missed opportunity for too many of our customers,” Courtney McCormick, vice president of renewables and energy solutions at PSE&G, said. “So we are very happy that today’s BPU approval will allow us to help even more hospitals, apartment buildings, government facilities, non-profits, small businesses and residential customers realize the benefits of energy efficiency to save energy and money while doing their part to reduce their impact on our environment.”

PSE&G will invest approximately $69 million in the five programs. Estimates show that the programs will save enough electricity to power approximately 9,000 average-size homes each year and enough natural gas to supply approximately 7,000 homes each year.

The new Smart Thermostat Program will a $150 discount for qualified smart thermostats available in an online PSE&G marketplace. PSE&G will invest $6.5 million in the program.

The other new program, the Residential Home Energy Reporting Program, will provide customers with personalized Home Energy Reports throughout the year that will analyze their energy consumption, identify savings opportunities and offer recommendations on how to save energy. PSE&G will invest $2.5 million in the program.