Requires BPU to allow certain bidding practices during basic generation service auctions.

This bill requires the New Jersey Board of Public Utilities to allow electricity providers to bid on one, two, and three-year supply periods during basic generation service auctions for certain commercial and industrial customers. The legislation mandates that the board select the most price-competitive bids and adopt rules to manage how these new contracts blend with existing three-year agreements. It does not apply to customers in the Commercial and Industrial Energy Pricing class, which are excluded from these bidding changes. The bill takes effect immediately upon passage.