Directs BPU to investigate PJM Interconnection, L.L.C.'s Reliability Pricing Model; directs State to promote affordable energy practices and to urge PJM Interconnection, L.L.C. to implement certain reforms.

AJR 216 is a joint resolution directing New Jersey's Board of Public Utilities (BPU) to investigate whether PJM Interconnection's Reliability Pricing Model (capacity market) effectively provides reliable electricity at the lowest cost. The bill requires the BPU to report its findings within 12 months and directs the state to collaborate with neighboring PJM states to promote affordable energy practices, prioritize carbon-free sources, and urge PJM to implement market reforms. It specifically addresses rising capacity costs in PJM's auctions - contributing to higher electricity bills - and delays in approving new generation projects that prevent lower-cost resources from entering the market. The resolution aims to protect ratepayers, particularly low-income households, from price increases while supporting grid reliability.