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Vermont

Vermont

Incentives/Policies for Energy Efficiency

Printable Version
Energy Reduction Goals   

Last DSIRE Review: 12/05/2012
Program Overview:
State: Vermont
Incentive Type: Energy Efficiency Resource Standard
Eligible Efficiency Technologies: Custom/Others pending approval
Applicable Sectors: Municipal Utility, Investor-Owned Utility, Rural Electric Cooperative
Electric Sales Reduction320,000 MWh (three-year goal for 2012, 2013, 2014)
Electric Peak Demand ReductionSummer peak kW savings: 60,800 (three-year goal for 2012, 2013, 2014)
Winter peak kW savings: n/a
Web Site: http://www.efficiencyvermont.org/pages/Common/AboutUs
Authority 1:
30 V.S.A. ยง 209
Authority 2:
Date Enacted:
Efficiency Vermont 2013 Annual Plan
11/01/2012
Summary:

In June 1999, Vermont enacted legislation authorizing the Vermont Public Service Board (PSB) to establish a volumetric charge on all electric customers’ bills to support energy efficiency programs and goals.* The subsequent year the PSB established Efficiency Vermont, a statewide “energy efficiency utility,” and a funding mechanism to support it. Efficiency Vermont is currently administered by Vermont Energy Investment Corporation (VEIC), an independent, non-profit corporation.

Efficiency Vermont periodically establishes certain goals that constitute an energy efficiency resource standard (EERS) for the state. The current, three-year plan includes the following state-wide goals during the three-year period covering 2012, 2013, and 2014 (see docket EEU-2010-06 for more information).

  • Megawatt-hour (MWh) savings: 320,000
  • Summer peak kilowatt (kW) savings: 60,800

The prior, three-year plan included the following state-wide goals during the three-year period covering 2009, 2010, and 2011:

  • Megawatt-hour (MWh) savings: 359,700
  • Summer peak kilowatt (kW) savings: 51,200
  • Winter peak kW savings: 54,000
     

There is not an explicit penalty for non-performance. However, a portion of the compensation Vermont pays VEIC is contingent on meeting stated goals, subject to a monitoring and verification process. If VEIC does not meet stated goals, the state will withhold compensation, and VEIC potentially will be replaced. In December 2010, the Efficiency Vermont contract structure was replaced with a franchise-like "Order of Appointment" structure with a duration of 12 years. For more information, see the PSB's web site.

For more information about Vermont's efficiency goals, programs and results, see the Efficiency Vermont’s annual reports.

 

*It should be noted, the City of Burlington Electric Department (BED) serves as the energy efficiency utility for its service territory, under separate authorization from the PSB. The programs offered to customers are aligned, but the goals are different. See Burlington Electric Department for more information.


 
Contact:
  Jim Merriam
Vermont Energy Investment Corporation
255 South Champlain St.
Burlington, VT 05445
Phone: (877) 888-7372 Ext.1104
E-Mail: jmerriam@veic.org
Web Site: http://www.veic.org
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.