Bill 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 Section 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 the sources of funding 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 converting fossil fuel heating systems to district heat, provided certain conditions are met. It clarifies definitions related to biomass, district heat, efficiency services, fossil fuels, regulated fuels, and unregulated fuels. The act is set to take effect on July 1, 2025.

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