New Jersey has committed to 100% clean energy by 2050. Thus far, in its efforts to achieve this ambitious goal, New Jersey has relied on a renewable portfolio standard and a variety of technology-specific incentives. To achieve the four-fold increase in renewables they’ll need, New Jersey would like to turn to a competitive market-based system to cost-effectively procure clean energy. However, New Jersey is part of a regional electricity market and is a restructured retail choice state. There has yet to be a restructured state in a multistate wholesale market to “crack the code” and enable significant market-based renewable energy procurement. rnrnThis Accelerator team is exploring regulatory options that would enable competitive markets to properly value clean energy technologies and thus position New Jersey and other PJM member states to meet ambitious policy goals at least cost.

– Abe Silverman, NJBPU, General Counselrnrn- Hannah Thonet, NJBPU, Senior Policy Advisorrnrn- Brian Marrs, Microsoft, Senior Director, Energy Marketsrnrn- Cynthia Holland, formerly NJBPU, Director of Federal and Regional Policyrnrn- Elizabeth Noll, The Coefficient Grouptrnrn- Jane Cohen, State of New Jersey, Governor’s Office, Senior Policy Advisortrnrn- Karen Palmer, Resources for the Future, Senior Fellowrnrn- Kathleen Spees, Brattle Group, Principalrnrn- Kelly Mooij, NJBPU, Deputy Director of Clean Energy