The bill S.57 aims to reauthorize the Standard Offer Program in Vermont, which facilitates the awarding of contracts for the construction of new renewable energy generation projects. Key amendments include changes to eligibility criteria, where a qualifying plant must not be a net metering system under section 8010, and the cumulative capacity limit for the program is increased from 127.5 MW to 227.5 MW. The annual increase in cumulative capacity will also be adjusted, with a new schedule that includes a significant increase to 20 MW starting April 1, 2026. Additionally, the bill introduces a new section that allocates awards specifically for solar, wind, and hydroelectric power plants, with a portion reserved for community solar projects.

Other notable changes include the establishment of a price cap for projects based on the highest-cost solar project from the previous year, and provisions for the Commission to adjust the annual increase based on greenhouse gas reduction credits. The bill also emphasizes the need for transparency regarding transmission and distribution constraints to aid developers in identifying suitable locations for new standard offer plants. The act is set to take effect upon passage, reflecting Vermont's commitment to expanding its renewable energy infrastructure.

Statutes affected:
As Introduced: 30-8005a