Bill S.65 seeks to amend the legislative framework governing energy efficiency utilities in Vermont, with a strong focus on reducing greenhouse gas emissions and ensuring equitable access for all residents and businesses. The bill introduces new provisions that expand the scope of energy efficiency programs to include emissions reduction, electrification, energy storage, and combined heat and power systems. It mandates that programs supporting the efficient use of biological and fossil-based fuels adhere to air quality standards and requires the Public Utility Commission (PUC) to consider greenhouse gas reductions when approving these programs. Additionally, the bill allows for supplemental funding through net revenues from capacity savings and carbon credit sales, and establishes an energy efficiency charge on customer bills aimed at promoting equitable benefits.

Moreover, the bill outlines specific responsibilities for the appointed entities in delivering energy efficiency services, mandating that at least 25% of the budget be allocated for residential services targeting low to moderate-income customers and 12.5% for small businesses and non-profits. It also requires the appointed entity to propose a statewide low-income energy efficiency rate by September 1, 2026, and emphasizes comprehensive participation from all retail consumers. The bill removes previous requirements for a statewide information clearinghouse and whole-building approaches, while ensuring alignment with state goals for greenhouse gas emissions reduction. The act is set to take effect on July 1, 2025.

Statutes affected:
As Introduced: 30-209