Bill S.65 seeks to amend the legislative framework governing energy efficiency utilities in Vermont, with a strong emphasis on reducing greenhouse gas emissions and ensuring equitable access for all residents and businesses. The bill introduces the concept of "emissions reduction" into the jurisdiction of the Public Utility Commission (PUC) and encourages various energy efficiency measures, including electrification, energy storage, and combined heat and power systems. It mandates that programs utilizing biological and fossil-based fuels adhere to air quality standards and establishes a new energy efficiency charge focused on greenhouse gas reduction.

Additionally, the bill outlines the creation of an appointed entity responsible for developing and monitoring energy efficiency programs, particularly for thermal energy and process fuel customers. It mandates specific budget allocations for low to moderate-income residential services and small businesses, while also ensuring that costs related to these services are excluded from cost-effectiveness calculations. By September 1, 2026, the appointed entity must propose a statewide low-income energy efficiency rate for regulated fuels. The bill also revises criteria for energy efficiency programs to promote comprehensive participation and links compensation for energy efficiency entities to verified emissions reductions and energy savings, removing previous requirements for a statewide information clearinghouse. The act is set to take effect on July 1, 2025.

Statutes affected:
As Introduced: 30-209