This summer Vermont energy regulators issued an order implementing a Renewable Energy Standard. This standard, or RES, requires Vermont electric utilities to procure an increasing share of electricity from renewable sources.
Under a 2015 law called Act 56 (formerly called bill H.40), the Vermont Legislature directed the Public Service Board
January 1, 2017. Act 56 set certain rules for the RES, but left other issues to the Board. Following working group meetings, workshops, and opportunities for written comment, the Board adopted the RES by order dated June 28, 2016.
The RES sets targets for utility procurement of renewable energy, starting at 55%
75% in 2032.
at least 1%
a category of
projects," to encourage
utility investment in
consumption. Energy transformation projects might include measures
weatherization, biomass heating, cold-climate
pumps, demand management,
technologies. To satisfy this requirement, utilities
(increasing to 12% by
generation. The Board has described the energy transformation project program as the first of its kind in the U.S.
Most states have adopted binding renewable portfolio standards for electricity supply. Before the enactment of Act 56 and the Board's adoption of the RES, Vermont had renewable goals under its Sustainably Priced Energy Enterprise Development or SPEED program, but no mandatory renewable portfolio standard.
Under the act, the Vermont Public Service Board order adopting the RES will take effect on January 1, 2017.