Market Guide

Commercial Building Energy Requirements in Newark

Utility rates, compliance regulations, and benchmarking requirements for commercial real estate in Newark, New Jersey.

Average Commercial Utility Rates

$0.17Electric Rate

$0.17/kWh

$1.15Gas Rate

$1.15/therm

Rising

Up 8% YoY; PSE&G infrastructure investment and energy efficiency riders

Energy Regulations & Compliance

NJ Clean Energy Act Benchmarking

Active

State-level mandated benchmarking for large commercial buildings under NJ Clean Energy Act.

Threshold

25,000 sqft

Deadline

October 1 annually

Penalty

Up to $500 per day

Compliance Timeline

October 1 annually

NJ Clean Energy Act Benchmarking — 25,000 sqft

Utility Providers

⚡

PSE&G

Electric & Gas

Benchmarking Requirements

✓

Benchmarking is required

Building Threshold

25,000 sqft

Filing Deadline

October 1 annually

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