Affordable Energy for New Jersey and Dr. Jonathan Lesser Release Report Findings
Today, Affordable Energy for New Jersey (AENJ), along with well-known energy expert Dr. Jonathan Lesser, the president of Continental Economics, Inc., released a new report that shows a grim future for New Jersey under the state’s Energy Master Plan (EMP). His analysis shows that the EMP’s building electrification mandates alone will cost businesses and residents in New Jersey at least $2 billion per year – a substantial increase our state cannot afford.
The EMP, New Jersey’s 100% clean energy roadmap, while commendable in theory, includes numerous costly mandates for electrifying the entire transportation industry, eliminating clean natural gas, and other shortsighted policies that could drastically impact the economy, at a time when our residents and businesses are already under financial strain.
The new report, titled Natural Gas: Crucial for New Jersey’s Energy and Economic Future, highlights the importance of clean, affordable natural gas in New Jersey and the astronomical cost increases that will be shouldered by residents if these new mandates from the EMP are allowed to proceed. Under the EMP, millions of residents and businesses will be forced to replace their gas-fired heating systems, and all other gas appliances, with electric heat pumps, costing them tens of thousands of dollars out of pocket.Continue reading