H.354, introduced by Representative Logan of Burlington, aims to establish a thermal efficiency benefits charge to support thermal energy and process fuel efficiency services for unregulated fuels in Vermont. The bill amends 30 V.S.A. 209(e) to include new provisions that allow the Public Utility Commission to create a volumetric charge for customers, which will be separately listed on their bills. This charge is intended to fund thermal efficiency programs that are deemed cost-effective and to help meet greenhouse gas reduction requirements. The bill also outlines various funding sources for the Electric Efficiency Fund, including capacity savings, revenues from carbon credit sales under the Regional Greenhouse Gas Initiative (RGGI), and other appropriated funds.

Additionally, the bill specifies that the Commission may authorize entities to use funds for engineering and construction related to converting fossil fuel heating systems to district heat, provided certain conditions are met. The definition of key terms such as "biomass," "district heat," and "unregulated fuels" is clarified, and the effective date for the act is set for July 1, 2025. Overall, H.354 seeks to enhance thermal energy efficiency in Vermont while promoting the use of renewable energy sources.

Statutes affected:
As Introduced: 30-209(e), 30-209