New Jersey Natural Gas Files for Next Cycle of Energy-Efficiency Programs With Expanded Offerings
02 12월 2023 - 1:54AM
Business Wire
Largest Investment in Company History Adds to
Customer-Friendly Solutions that Help Reduce Carbon Emissions,
While Saving Money
Building on its strong leadership in offering practical and
effective energy-efficiency programs, New Jersey Natural Gas (NJNG)
today filed with the New Jersey Board of Public Utilities (BPU) a
proposed next generation of SAVEGREEN™ energy-efficiency offerings.
Launched in 2009, SAVEGREEN provides energy efficiency solutions
that meet the unique needs and budgets of residential and
commercial customers — including low- and moderate income,
multifamily, hospitals and municipalities. If approved by the BPU,
the new SAVEGREEN program cycle is expected to begin January 1,
2025, and run through June 30, 2027.
The $482.4 million proposal will strengthen NJNG’s existing
energy-efficiency offerings and provide comprehensive solutions to
help participating customers save energy and reduce carbon
emissions, while supporting New Jersey’s ambitious climate goals.
The proposal includes $217.2 million for continued 0% APR on-bill
repayment programs, which provide customers the opportunity to
access energy-efficiency upgrades by eliminating the upfront cost
barriers. If fully subscribed, SAVEGREEN will help participating
customers save more than 94 million therms of natural gas. This
program will prevent over 694,000 metric tons of CO2 from entering
the atmosphere, the same as removing nearly 155,000 cars from New
Jersey’s roads each year.
“Energy-efficiency is the engine that drives us toward our
carbon emission reduction goals, while also providing energy
savings for families and businesses,” said Steve Westhoven,
president and chief executive officer of New Jersey Natural Gas.
“These programs are cost-effective, help customers save on their
energy bills and reduce carbon emissions by lowering energy usage.
As the largest SAVEGREEN program proposal in NJNG’s history, this
filing builds on our commitment to ensure equitable access to
energy affordability and to provide practical emission-reduction
solutions that address climate goals. We look forward to working
with the BPU to put these programs to work for our customers and
New Jersey.”
Building on Success
NJNG’s focus on providing successful energy-efficiency solutions
has helped thousands of customers reduce their natural gas
consumption. The proposed framework filed with the BPU strengthens
NJNG’s existing energy-efficiency solutions, streamlining program
offerings and increasing financing limits for qualifying equipment
and comprehensive building measures, including those for low- and
moderate-income customers, multifamily and public entities. It also
proposes to expand NJNG’s recently launched Workforce Development
Program, which provides free educational opportunities, technical
training and certification to support and advance a clean energy
workforce and economy.
Natural Gas Demand Response
To align with the state’s clean energy goals, and increase
energy-saving opportunities for residential customers, NJNG will
offer a natural gas demand response (DR) solution consisting of two
distinct paths — one uses customers’ existing smart thermostats and
the other employs innovative technology at the meter. NJNG will
engage customers and provide real-time, actionable insights to help
reduce their natural gas usage during peak times. Participation in
the program will be optional; and NJNG will incentivize customers
to proactively manage their energy costs and reduce their carbon
footprint beyond energy-efficiency measures.
Building Decarbonization
Through rebates and financing opportunities, NJNG will provide
the option for residential customers to install residential hybrid
heat systems. Moreover, the company will support the exploration
and development of district geothermal heating within its service
territory as part of its commitment to a cleaner energy future.
This district heating approach could potentially serve residential,
commercial and multifamily customers and benefit low- and
moderate-income customers, including those residing in overburdened
communities. These high-efficiency technologies provide an
alternative path forward for customers that support increased
energy savings and reduced emissions.
The proposed 30-month SAVEGREEN program cycle NJNG is seeking
includes approximately $245.1 million of direct investment and
$217.2 million in financing options. The average annual impact to
natural gas bills for the typical residential heating customer
using 1,000 therms per year is expected to be $44.83, or 3%, over
the life of the program.
Since its inception, NJNG’s investment in SAVEGREEN
energy-efficiency program offerings has helped build a portfolio of
business for thousands of contractors who have participated in the
program and generated nearly $595 million in economic activity.
Over the lifetime of the program, 93,000 customers have taken
advantage of rebates and incentives for energy-efficiency
improvements, while over the past year more than 238,000 customers
have participated in total SAVEGREEN program offerings, including
behavioral.
About New Jersey Resources
New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that,
through its subsidiaries, provides safe and reliable natural gas
and clean energy services, including transportation, distribution,
asset management and home services. NJR is composed of five primary
businesses:
- New Jersey Natural Gas, NJR’s principal subsidiary,
operates and maintains natural gas transportation and distribution
infrastructure to serve nearly 576,000 customers in New Jersey’s
Monmouth, Ocean and parts of Morris, Middlesex, Sussex and
Burlington counties.
- Clean Energy Ventures invests in, owns and operates
solar projects with a total capacity of approximately 469
megawatts, providing residential and commercial customers with
low-carbon solutions.
- Energy Services manages a diversified portfolio of
natural gas transportation and storage assets and provides physical
natural gas services and customized energy solutions to its
customers across North America.
- Storage and Transportation serves customers from local
distributors and producers to electric generators and wholesale
marketers through its ownership of Leaf River Energy Center and the
Adelphia Gateway Pipeline, as well as our 50% equity ownership in
the Steckman Ridge natural gas storage facility.
- Home Services provides service contracts as well as
heating, central air conditioning, water heaters, standby
generators, solar and other indoor and outdoor comfort products to
residential homes throughout New Jersey.
NJR and its over 1,300 employees are committed to helping
customers save energy and money by promoting conservation and
encouraging efficiency through Conserve to Preserve® and
initiatives such as SAVEGREEN™ and The Sunlight Advantage®.
For more information about NJR:
www.njresources.com Follow us on X (formerly Twitter)
@NJNaturalGas. “Like” us on facebook.com/NewJerseyNaturalGas.
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version on businesswire.com: https://www.businesswire.com/news/home/20231201868534/en/
Media: Mike Kinney 732-938-1031 mkinney@njresources.com
Investors: Adam Prior 732-938-1229
aprior@njresources.com
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