Bill > H0289

This bill amends Vermont's Renewable Energy Standard (RES) in several key ways: 1. It increases the total renewable energy requirement from 55% to 100% by 2035 for most providers, and 2032 for providers serving a single large customer or municipal providers. 2. It establishes new categories for "new renewable energy" and "load growth renewable energy" that require providers to meet a certain percentage of their load growth with new renewable resources. 3. It modifies the "distributed renewable generation" and "energy transformation" requirements, increasing the targets over time. 4. It allows providers to use an "alternative compliance payment" to meet certain RES requirements, with the payments directed toward renewable projects benefiting low-income customers. 5. It makes various other changes to definitions, eligibility criteria, and reporting requirements related to the RES program. The overall intent of the bill is to strengthen Vermont's renewable energy requirements and ensure renewable resources are equitably distributed to benefit all ratepayers, especially those with low incomes.

Agriculture and Natural Resources, Budget and Finance

https://legislature.vermont.gov/bill/status/2024/H.289