Bill H.159 proposes the repeal of the Renewable Energy Standard (RES) in Vermont, which includes the removal of several sections of the current law, specifically 30 V.S.A. 8004, 8005, 8006, and 8006a. The bill also amends definitions related to renewable energy, clarifying that "new renewable energy" includes energy from retrofitted existing plants, while eliminating references to the RES in various sections. Additionally, it repeals provisions related to greenhouse gas reduction credits and the standard offer program, which previously required adjustments based on these credits.

The bill further modifies the requirements for retail electricity providers regarding the baseload renewable power portfolio and net metering systems, ensuring that the environmental attributes of energy generated can be retained or transferred without compliance obligations tied to the repealed RES. It also includes a provision for the act to take effect on July 1, 2025. Overall, H.159 aims to eliminate the existing framework for renewable energy standards in Vermont, significantly altering the state's approach to renewable energy and compliance requirements.

Statutes affected:
As Introduced: 30-8002, 30-8005a, 30-8009, 30-8010, 24-4352, 30-202b, 30-8127