New Jersey A 4625: Requires BPU to allow certain bidding practices during basic generation service auctions.

Bill Text

A4625 

ASSEMBLY, No. 4625 

STATE OF NEW JERSEY

222nd LEGISLATURE

� 

INTRODUCED MARCH 10, 2026

Sponsored by:

Assemblyman� ALEX SAUICKIE

District 12 (Burlington, Middlesex, Monmouth and Ocean)

SYNOPSIS

���� Requires BPU to allow certain bidding practices 
during basic generation service auctions. 

CURRENT VERSION OF TEXT 

���� As introduced.

�� 

An Act concerning bidding in the basic generation service auction, 
and supplementing Title 48 of the Revised Statutes.

���� Be It 
Enacted by the Senate and General Assembly of 
the State of New Jersey:

���� 1.��� a.� As used in this 
section:� 

���� �Basic generation service� or 
�BGS� means the same as those terms are defined in section 3 of P.L.1999, c.23 
(C.48:3-51).

���� �Basic generation service 
provider� or �provider� means the same as those terms are defined in section 3 
of P.L.1999, c.23 (C.48:3-51).

���� �Board� means the New Jersey 
Board of Public Utilities or any successor agency.

���� �Commercial and industrial 
energy pricing class customer� or �CIEP class customer� means the same as those 
terms are defined in section 3 of P.L.1999, c.23 (C.48:3-51).

���� �Electric public utility� means a public utility, as 
that term is defined in R.S.48:2-13, that distributes electricity to end users 
within the State.

���� b.��� Notwithstanding any law, 
rule, regulation, or order to the contrary, the board shall authorize a basic 
generation service provider to bid for one, two and three-year supply periods 
during a BGS auction.� The board shall require the selection of the most price 
competitive bids.� This subsection shall not apply to bids servicing CIEP class 
customers.

���� c.���� The board shall adopt, 
pursuant to the �Administrative Procedure Act,� P.L.1968, c.410 (C.52:14B-1 et 
seq.), rules and regulations as may be necessary to implement the provisions of 
this section, including but not limited to, rules regarding the blending of 
previously secured three-year supply contracts with newly procured supply 
contracts.

���� 2.��� This act shall take 
effect immediately.

STATEMENT

���� This bill requires the New 
Jersey Board of Public Utilities (board) to expand the bidding supply periods 
in basic generation service (BGS) auctions for certain customers.� Currently, 
the BGS auction for Residential Small Commercial Pricing (RSCP) customers 
includes a staggered three-year rolling procurement process, where a RSCP 
customer�s bill reflects the average of three, three-year term contracts.� 

���� This bill allows electric 
generation service providers to bid for one, two, and three-year supply periods 
in BGS auctions for RSCP customers and requires the selection of the most price 
competitive bids. 

���� It is the sponsor�s belief 
that three-year supply periods may increase the cost of electricity, as there 
may be upward pressure on pricing due to a need to account for certain 
unknowns.� It is the sponsor�s belief that shortened timing for supply periods, 
as seen in similar auctions in certain other states, may present an opportunity 
to provide lower utility costs for certain New Jersey BGS customers.