The New Jersey Board of Public Utilities has given Atlantic City Electric the approval to implement a suite of programs that will expand clean electric transportation options in southern New Jersey.
The programs will help develop new public electric vehicle charging infrastructure in the region and provide customers with new rebates and incentives to help cover the cost of installing electric vehicle charging ports at homes and businesses.
“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,” said Gary Stockbridge, Atlantic City Electric region president.
Atlantic City Electric’s new programs include:
- Public charging – providing incentives to cover a portion of the installation costs for 1,100 privately owned / operated Smart Level 2 and direct current fast charging ports in locations available to the public;
- Residential electric vehicle charging program – offering 50% rebates (up to $1,000 US) to cover the installation of Smart Level 2 electric vehicle charging equipment in homes. It will also offer a new electric vehicle rate option for residential customers that encourages them to charge their vehicles during off-peak hours;
- Multifamily building electric vehicle charger rebates – offering rebates to cover a portion of installation costs for 200 Smart Level 2 electric vehicle charging ports in multifamily buildings;
- Workplace and fleet electric vehicle charger rebates – offering 50% rebates to cover a portion of installation costs for 450 Smart Level electric vehicle charging ports for employee parking lots and company vehicle fleets across South Jersey; and,
- New electric vehicle fast charging station rate – a new rate option for owners of public electric vehicle fast charging stations with the goal of attracting private investment in fast chargers.
“Atlantic City Electric’s approval comes on the heels of Governor (Phil) 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,” said Pam Frank, CEO of ChargEVC-NJ.