Directs BPU to establish virtual power plant program to reduce peak demand for electric energy.

This bill directs New Jersey's Board of Public Utilities (BPU) to create a virtual power plant (VPP) program aimed at reducing peak electricity demand. The program will coordinate customer-owned energy resources - like home batteries, solar panels, and electric vehicles - to provide grid services, avoiding the need for costly new infrastructure. The BPU must establish a 500-megawatt peak demand reduction target by 2030, requiring electric utilities to meet specific participation goals. This directly affects utilities, customers with eligible energy resources, and aims to lower costs while improving grid reliability, especially in overburdened communities.