S 4166

[First Reprint]
SENATE, No. 4166
STATE OF NEW JERSEY
222nd LEGISLATURE
�
INTRODUCED MAY 11, 2026
Sponsored by:
Senator� TROY SINGLETON
District 7 (Burlington)
SYNOPSIS
���� Requires customer consent to material changes to
third-party energy supply contracts under certain circumstances.
CURRENT VERSION OF TEXT
���� As reported by the Senate Economic Growth Committee
on June 8, 2026, with amendments.
��
An Act concerning third-party energy supply contracts and
supplementing Title 48 of the Revised Statutes.
���� Be It
Enacted by the Senate and General Assembly of
the State of New Jersey:
���� 1.��� a. As used in this
section:
���� �Material change� means a
change to the terms or duration of a third-party energy supply contract,
including, but not limited to, a change in price or a change to or from fixed
or variable pricing.
���� 1�Supplier�
means an electric power supplier or gas supplier, as those terms are defined in
section 3 of P.L.1999, c.23 (C.48:3-51).1
���� �Third-party energy supply
contract� means a contract for electric generation service or gas supply
service in the State, as those terms are defined in section 3 of P.L.1999, c.23
(C.48:3-51), entered into by 1[an electric
power supplier or a gas supplier, as those terms are defined in section 3 of
P.L.1999, c.23 (C.48:3-51),]
a supplier1
and a residential customer of that supplier.
���� b.��� Any material change to a
third-party energy supply contract 1[that was]1
entered into or renewed after the effective date of
P.L.    , c.
(C.        ) (pending before the
Legislature as this bill) shall require the express verbal, electronic, or
written consent of the residential customer, which express consent shall be
maintained by the 1[electric power
supplier or gas]1
supplier in a verifiable format.
���� c.���� 1Notwithstanding
the provisions of subsection b. of this section, a supplier may renew or extend
a third-party energy supply contract without obtaining the express consent of
the residential customer if the renewal or extension:
���� (1)�� does not convert a
fixed-price product to a variable-price product;
���� (2)�� does not convert a
third-party energy supply contract with a defined term length to a
month-to-month or automatically renewing variable-rate contract;
���� (3)�� does not increase the
contract price by more than 20 percent above the price in effect during the
final billing cycle of the existing third-party energy supply contract; and
���� (4)�� permits the
residential customer to cancel the renewed or extended third-party energy
supply contract and select another product, another supplier, or basic
generation service within 60 days following the effective date of the renewal
or extension without any cancellation fee, early termination fee,
administrative charge, or other financial penalty.
���� d.��� Prior to renewing or
extending a third-party energy supply contract pursuant to subsection c. of
this section, a supplier shall provide two written notices to the residential
customer, by mail or electronic notification, in accordance with the preferred
method of contact for the residential customer. �The first notice shall be
provided no earlier than 60 days before the effective date of the renewal or
extension.� The second notice shall be provided no more than 60 days but no
less than 30 days before the effective date of the renewal or extension.� Each
notice provided pursuant to this subsection shall clearly disclose:
���� (1)�� the current price;
���� (2)�� the proposed renewal or
extension price;
���� (3)�� the percentage
difference between the two prices;
���� (4)�� the residential customer's
right to select another product offered by the supplier, enroll with another
supplier, or return to basic generation service; and
���� (5) the procedure for
declining the renewal or extension.
���� e.1� The
Board of Public Utilities shall, in accordance with the �Administrative
Procedure Act,� P.L.1968, c.410 (C.52:14B-1 et seq.), adopt rules and
regulations as necessary to implement this section.
���� 2.��� This act shall take
effect immediately and shall only apply to third-party energy supply contracts
entered into or renewed after the effective date of this act.