New Jersey SBC Credit Program
Synapse is assisting the New Jersey Division of Rate Counsel with analyzing program characteristics of a Societal Benefits Charge (SBC) Credit Program, being implemented in rulemaking Docket No. EO12100940. To this end, Synapse will conduct supporting research, such as reviewing other states’ programs; attend working group meetings; and assist with preparation of comments. Analysis will include consideration of the following: energy reduction thresholds, the costs and feasibility of various options for credit issuance other than a reimbursement check, a SBC Budget to minimize the financial impact of the credit on other Clean Energy Programs, charging applicants an administrative fee to cover program administration costs, how the fee requirement would be administered, and other issues.