New and expanded programs designed to meet
increased energy savings targets
HOLMDEL,
N.J., Oct. 31, 2024 /PRNewswire/ -- Jersey
Central Power and Light (JCP&L), a subsidiary of FirstEnergy
Corp. (NYSE: FE), has obtained approval from the New Jersey Board of Public Utilities (BPU) to
expand its energy efficiency programs. The two-and-a-half-year
program is designed to achieve electricity savings and other
objectives of the N.J. Clean Energy Act of 2018 and the N.J. Energy
Master Plan.
Doug Mokoid, FirstEnergy's
President, New Jersey: "These
programs represent the next generation of energy savings for our
customers. New Jersey is advancing
a clean energy future, and our investments in energy efficiency
programs will help those who live and run their businesses in our
state to build a cleaner, more energy efficient tomorrow."
The approval allows for the continuation and expansion of
programs offered by JCP&L since July
2021, including:
- A Whole Home program that offers energy efficiency
opportunities, such as assessments and energy efficiency upgrades,
to residential customers.
- An Energy Efficient Products program that provides incentives
for HVAC, appliances, consumer electronics and other energy-saving
equipment.
- The Direct Install and Energy Solutions programs that offer
assessments and financial support to small business and commercial
customers for energy efficiency upgrades.
- A Multifamily program that recognizes the needs of this diverse
customer segment by offering financial incentives for in-unit and
common area energy efficiency solutions as well as more
comprehensive solutions, such as whole-building retrofits.
- A Building Decarbonization program that provides financial
incentives and rebates for the electrification of building heating,
water heating and cooking equipment.
JCP&L is also expanding a program that encourages
energy-saving behaviors by providing energy use information,
including analytics and tips to customers, through digital and
mailed reports.
Additionally, JCP&L is offering zero-interest financing for
qualifying customers for energy efficiency and building
decarbonization projects. Customers across the residential,
multifamily and commercial and industrial sectors will have access
to loans for qualifying projects, such as major appliance and HVAC
upgrades, home retrofit and multifamily projects, small business
direct install projects and comprehensive solutions for commercial
and industrial customers.
The typical JCP&L residential customer using 777 kilowatt
hours (kWh) of electricity per month will see an increase of
$1.06, or 0.8%, per month for the
first program year. For the final program year, running from
July 1, 2026, through June 30, 2027, the average residential customer,
using 777 kWh of electricity per month will see a total increase of
$4.03, or 3%, per month. JCP&L's
residential rates remain the lowest among New Jersey's four regulated electric
distribution companies.
JCP&L serves 1.1 million customers in the counties of
Burlington, Essex, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Sussex, Union
and Warren. Follow JCP&L on X
@JCP_L, on Facebook at www.facebook.com/JCPandL or online at
jcp-l.com.
FirstEnergy is dedicated to integrity, safety, reliability and
operational excellence. Its electric distribution companies form
one of the nation's largest investor-owned electric systems,
serving customers in Ohio,
Pennsylvania, New Jersey, West
Virginia, Maryland and
New York. The company's
transmission subsidiaries operate approximately 24,000 miles of
transmission lines that connect the Midwest and Mid-Atlantic
regions. Follow FirstEnergy on X @FirstEnergyCorp or online at
firstenergycorp.com.
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SOURCE FirstEnergy Corp.
