Public Service Electric & Gas (PSE&G), New Jersey’s largest utility, on Tuesday announced its support for the next phase of the state’s energy efficiency framework, known as Triennium 2.5. The proposal, currently under review by the Board of Public Utilities (BPU), seeks to extend existing energy-saving programs through June 2028, building on a track record that has already saved New Jersey consumers nearly $900 million annually.
Since the inception of these utility-run initiatives, more than 480,000 residents and 20,000 businesses have participated, resulting in a massive reduction in energy consumption and a significant environmental win for the Garden State.
The scale of the “Triennium” programs extends far beyond individual utility bills. PSE&G reports that the carbon emissions avoided through these upgrades are equivalent to removing more than 500,000 gasoline-powered cars from the road for an entire year.
Furthermore, the programs have become a vital engine for the New Jersey economy. By partnering with a network of local trade allies, contractors, and union labor, PSE&G has facilitated more than 32,000 energy efficiency upgrades for businesses, schools, and municipalities.
“Energy efficiency remains one of the most practical tools we have to help customers manage their energy use,” Lauren Thomas, vice president of Clean Energy Solutions at PSE&G said. “These programs help customers keep their energy costs as low as possible while delivering real value for communities across New Jersey.”
For major institutional employers like Hackensack Meridian Health, utility-run efficiency programs are essential for infrastructure investment. By reducing operational overhead, these organizations can pivot savings back into patient care and facility upgrades.
“Without robust, utility-run programs, organizations like ours would face greater challenges in continuing to invest in the infrastructure our patients rely on,” Kyle Tafuri, vice president of sustainability at Hackensack Meridian Health said. “They help us manage energy use and costs, while allowing us to reinvest these savings in our operations.”
The move into “Triennium 2.5” is designed to provide a stable, predictable framework for the state’s clean energy goals. PSE&G’s focus for this next phase includes:
- Bill Management: Keeping customer energy bills as low as possible through demand reduction.
- Workforce Continuity: Ensuring a steady pipeline of projects for local union labor and contractors.
- Stable Investment: Maintaining a consistent framework for businesses to plan long-term efficiency retrofits.
As New Jersey continues its push toward a more sustainable energy grid, PSE&G officials emphasized that maintaining the momentum of these programs is key to ensuring a safe, reliable, and affordable energy system for all residents.
