New Jersey’s path toward a cleaner energy future is the right way to go, but if the state moves too quickly without first studying the cost impact to businesses and other ratepayers it could lead to an economic disaster, NJBIA Vice President of Government Affairs Ray Cantor said. 

Appearing on last weekend’s edition of “Jersey Matters with host Larry Mendte,” Cantor said the Murphy administration has still not provided the ratepayer impact analysis it promised when the Energy Master Plan was released 18 months ago. That plan called for the state to achieve 100% clean energy by 2050 by implementing various strategies, such as the development of offshore wind power, and making other regulatory changes aimed at reducing carbon emissions. 

“We need to make sure that as we move along with our decarbonization goals, as we move forward to a cleaner energy environment, that we take cost into account,” Cantor said. “We need to make sure that our businesses can afford to pay these bills, that they’re not paying more than is necessary, and that we keep a robust economy going, especially for manufacturing.” 

Go here, or click on the link below, to hear the wide-ranging discussion with Cantor on offshore wind and nuclear power, as well as the state Department of Environmental Protection’s proposed clean energy rules affecting heavy-duty trucks.