||Energy Efficiency Resource Standard
|Eligible Efficiency Technologies:
||Custom/Others pending approval
||Municipal Utility, Investor-Owned Utility, Rural Electric Cooperative
|Electric Sales Reduction||320,000 MWh (three-year goal for 2012, 2013, 2014)|
|Electric Peak Demand Reduction||Summer peak kW savings: 60,800 (three-year goal for 2012, 2013, 2014)|
Winter peak kW savings: n/a
30 V.S.A. § 209|
Efficiency Vermont 2013 Annual Plan|
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.