Energy

Sarlo Op-ed: Energy Diversity is Key to Controlling Utility Costs in NJ

In an op-ed published Sunday in NJ.com, the chairman of the powerful Senate Budget & Appropriations Committee called for a more balanced state energy policy that includes natural gas, nuclear and renewable energy sources to keep energy reliable and affordable. 

Senator Paul Sarlo (D-36) noted that New Jersey is importing 30% to 40% of the electricity it needs from other states because its own power supply is shrinking amidst growing energy demand. He commended Gov. Mikie Sherrill’s Day One executive orders that prioritize the development of new power generation in New Jersey. 

“There is clear recognition that we need to work together quickly to right the supply-demand imbalance in our energy system and embrace an all-of-the-above strategy,” Sarlo said. “With this approach, energy can be a unifying priority, rather than a divisive issue.” 

Sarlo noted that polls show most New jersey residents want a more diversified energy approach that combines natural gas with renewables, instead of an all-renewables approach that disregards higher costs. The states of New York, Connecticut, and Pennsylvania are already pursuing a more balanced approach in recognition of the need to hold down rising utility rates. 

“Industry experts recognize natural gas as a critical component of an all-of-the-above energy strategy, and it’s time our energy policy returns to that mindset,” Sarlo said. “Over 70% of Jersey homes use natural gas for heating, and about half of our electricity comes from it, too. 

“By committing to a diversified energy approach that keeps resources affordable and accessible for all, we can advance our climate goals in a way that’s both sustainable and realistic,” he said. 

To read the entire op-ed, go here. 

To access more business news, visit NJB News Now.

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