For Immediate Release
866-655-2237 (media hotline)
MAYS LANDING, N.J. (Feb. 17, 2021) – Atlantic City Electric has received approval from the New Jersey Board of Public Utilities (BPU) to implement a suite of programs that will significantly expand clean electric transportation options in southern New Jersey and help make the transition to electric vehicles (EVs) more convenient and affordable. The company's programs will help develop new public EV charging infrastructure in the region and support customers interested in clean transportation options with new rebates and incentives to help cover the cost of installing EV charging ports at homes and businesses.
"We are excited to offer new programs that will help expand clean electric transportation options for all communities in our service area, support New Jersey's climate goals and help improve air quality in the region," said Gary Stockbridge, Atlantic City Electric region president. "We worked closely with all involved to reach an agreement that will rapidly grow South Jersey's public charging network and support commercial and residential customers who want to skip the gas pump. As we continue to help position New Jersey as a leader in this rapidly growing industry, we look forward to exploring opportunities to support clean transportation options for larger trucks and buses, public transportation and our bigger industrial customers, like ports and distribution centers."
The approved programs align with the BPU's recent order outlining a "shared responsibility" model for EV infrastructure development. The programs focus on "make-ready" support that allows the company to partner with the private market to significantly expand public EV charging options and support residential and commercial customers interested in installing EV charging equipment. Rebate programs will last until December 31, 2026, or until program funds are fully exhausted.
Atlantic City Electric's new programs include:
"The programs that will be offered by Atlantic City Electric are a crucial part of the puzzle to electrify the transportation sector in New Jersey," said Pam Frank, CEO of ChargEVC-NJ. "Atlantic City Electric's approval comes on the heels of Governor Murphy's announcement earlier this week of an additional $100 million in investments towards statewide electric vehicle programs. The needed investments from our public utilities can fit together like pieces of a puzzle with these other investments. For example, Atlantic City Electric's programs will enable fast charging public stations, filling an important vacuum in the southern portion of our state that has not been fully addressed by past investments."
Expanding public EV charging infrastructure will make clean transportation more convenient in South Jersey. The programs will support the development of 1,000 Smart L2 EV charging ports, which can fully charge most EVs in about 3-5 hours, and 100 DCFC ports, which can charge most EVs to 80 percent in 30 minutes or less. Third-party providers will install, own, and maintain the charging stations. Locations will be determined by third-party providers and incentives will be provided on a first-come-first-serve basis. Charging stations supported by the program will be accessible to the public 24 hours a day, seven days a week and serve all EV makes and models.
Atlantic City Electric's new programs are designed to create equitable access to clean transportation options. The programs will not only support building public EV chargers in communities across southern New Jersey, but also directly expand access to EV charging options for households with limited incomes through the Multifamily Building EV Charger Rebate. At least 20% of the charging ports supported through the Multifamily Building program will be sited in overburdened communities and will receive rebates covering 100% of installation costs.
As EVs become more popular, EV charging in New Jersey is projected to grow electricity consumption by 30 percent by 2035. Growing demand for EVs requires more charging infrastructure and enhancements to the state's electric infrastructure. Atlantic City Electric's new programs are designed to expand needed public EV charging options and help the company proactively leverage charging data to understand customers' charging needs and behaviors, so it can support future deployment of EV infrastructure and avoid potentially costly infrastructure gaps in the local energy grid.
"Atlantic City Electric's programs will help maximize South Jersey's economic development potential," said Jane Asselta, vice president of Southern NJ Development Council. "Beyond the generous residential rebates and lower off-peak rates, the public charging incentives and fast charging rates will encourage highway corridor charging buildout, critically important to our tourism industry, and will also stimulate private investment in workplaces, shopping centers, outlets and malls, healthcare facilities and entertainment attractions. These programs can also support EV charging station deployment in South Jersey's rural communities, making those towns more attractive to new businesses and residents."
Expanding clean transportation options is critical to meeting New Jersey's environmental goals and the State's Energy Master Plan. Transportation is the largest source of GHG emissions in New Jersey, with tailpipe emissions accounting for nearly half of all GHG emissions in the state. Atlantic City Electric's new programs will support New Jersey in its goals of putting 330,000 EVs on the road by 2025 and reducing GHG emissions 80 percent below 2006 levels by 2050.
Similar to other energy services and investments Atlantic City Electric makes in the local energy grid, these new services will be paid for through delivery charges on customer bills. The programs are expected to cost approximately $21 million, or about 30 cents on the monthly bill for the typical Atlantic City Electric residential customer using 679 kWh per month. Launching EV programs like these will help New Jersey prepare for the jobs and economic opportunities connected to the emerging EV market.
Readers are encouraged to visit The Source, Atlantic City Electric's online news room. For more information about Atlantic City Electric, visit atlanticcityelectric.com. Follow the company on Facebook at facebook.com/atlanticcityelectric and on Twitter at twitter.com/acelecconnect. Our mobile app is available at atlanticcityelectric.com/mobileapp.