Four utilities. One BPU rulebook. What changes is your house, not your provider.
New Jersey has four investor-owned electric utilities, PSE&G, JCP&L, Atlantic City Electric, and Rockland Electric, but the BPU sets most of the stack centrally. Net metering is statewide 1:1, SuSI/SREC-II is the same $76.50/MWh production rate everywhere as of March 2026, and the new Garden State Energy Storage Program runs uniform across IOUs. Per-utility differences mostly come down to the heat pump rebate ceiling and a few utility-specific tariffs (PSE&G's TOU launches June 1, 2026). Here is what each one offers, plus the two regulatory unknowns sales agents should monitor monthly.
Two NJ regulatory unknowns are actively in flux: GSESP Phase 2 storage rules, and the SuSI ADI step-down already underway.
The Garden State Energy Storage Program Phase 2 (residential) was approved by the BPU on June 18, 2025; Phase 2 incentive amounts and design rules remain TBD. Separately, the SuSI/SREC-II Administratively Determined Incentive dropped 10%, from $85/MWh to $76.50/MWh, for applications submitted on or after March 6, 2026, with further step-downs likely. PSE&G's voluntary residential time-of-use rate launches June 1, 2026 with a 12-month risk-free trial; that one is the clearest near-term upsell. The angle here is "your utility doesn't matter as much as your house's eligibility": qualify for the right tier and the rest of the stack falls into place regardless of which IOU serves your line.
