Written on: August 25, 2022 by ICM
The New Jersey Propane Gas Association recently issued a press release, calling for “an overdue discussion of looming consumer costs anticipated from New Jersey’s Energy Master Plan (EMP).”
A study by Brattle Group, accepted by the Board of Public Utilities on August 17, omitted a discussion of the capital costs needed for equipment conversions, building retrofits and other “up-front” costs for homeowners and business owners. The report also assumes less electricity usage and costs, yet New Jersey’s electric rates are among the highest in the country, according to the Association. Brattle Group’s report also suggests that the State will save $1.7 billion due to lower greenhouse gas emissions; however, the report noted this estimate was not calculated for the study.