BPU Proposes 15 Year SACP Schedule
September 26, 2011
Wolff & Samson Renewable Energy Law Alert
On September 23, 2011, the Board of Public Utilities (the “Board” or “BPU”) issued an Order related to the Solar Alternative Compliance Payment (“SACP”) in New Jersey’s Renewable Portfolio Standard. The Order directed the BPU staff to publish a proposed 15 year SACP schedule for the purpose of receiving public stakeholder comment. The adoption of a 15 year SACP schedule is mandated by the Solar Energy Advancement and Fair Competition Act (“SEAFCA”).
By way of background, in 2007, the Board, following a public stakeholder process, established an eight year SACP schedule. The 15 year SACP schedule proposed by the BPU staff maintains the previously established SACP schedule for the next five years through its completion. Thereafter, the new SACP schedule proposes an initial reduction of 20% in the SACP amount beginning in Energy Year 2017, followed by annual reductions that continue the average annual decline of approximately 2.54%. The proposed SACP schedule is set forth below.
| Energy Year | SACP | Annual % Change | Year in Schedule |
| 2012 | $658 | 2.52% | 1 |
| 2013 | $641 | 2.58% | 2 |
| 2014 | $625 | 2.50% | 3 |
| 2015 | $609 | 2.56% | 4 |
| 2016 | $594 | 2.46% | 5 |
| 2017 | $475 | 20.00% | 6 |
| 2018 | $463 | 2.54% | 7 |
| 2019 | $451 | 2.54% | 8 |
| 2020 | $440 | 2.54% | 9 |
| 2021 | $429 | 2.54% | 10 |
| 2022 | $418 | 2.54% | 11 |
| 2023 | $407 | 2.54% | 12 |
| 2024 | $397 | 2.54% | 13 |
| 2025 | $387 | 2.54% | 14 |
| 2026 | $377 | 2.54% | 15 |
This proposed schedule is intended to be a starting point for further discussions with the public. This schedule will be the subject of a public stakeholder process as required by SEAFCA. BPU staff has indicated that the process for public comment will be forthcoming.
For more information, please contact:
Stephen A. Kisker
Of Counsel
Phone (973) 530-2074
Email skisker@wolffsamson.com
Robert H. Crespi
Member of the Firm
Phone (973) 530-2060
Email rcrespi@wolffsamson.com
John G. Valeri Jr.
Member of the Firm
Phone (973) 530-2030
Email jvaleri@wolffsamson.com
Keith E. Morris
Associate
Phone (973) 530-2107
Email kmorris@wolffsamson.com
