 |
VERMONT
SYSTEM BENEFIT FUNDS FOR ENERGY EFFICIENCY-STATE SUMMARY
SECTION LINKS
I. Policy
II. Administration
III. Financing
IV. Program information
V. Policy/Program Assessment
I. POLICY
Date Enacted: September 1, 1999
Date Effective: March 1, 2000
Time Period: February 2000-December 2004
Extensions to Time Period: None to date
Applicable Laws, Orders, and Regulations
Act No.60 (S. 137) - Development of Energy Conservation Services (2000)
http://www.leg.state.vt.us/docs/2000/acts/act060.htm
Memo of Understanding Docket No. 5980 (September 1999)
Public Service Board approval of contract between the EEU and the state's 22 electric utilities:
http://www.state.vt.us/psb/orders/1999/files/5980orderremotiontoalter.PDF
Final Decisions Regarding Docket No. 5980 (January & June 1999)
Investigation into the Department of Public Service's proposed Energy Efficiency Plan: Phases I & II (1999)
(Phase II includes MOU and Bilateral Agreements)
http://www.state.vt.us/psb/orders/1999/files/5980Phase1fnl.PDF
http://www.state.vt.us/psb/orders/1999/files/5980Phase2fnl.PDF
EEU contract: http://www.state.vt.us/psb/eeucontract.html
Description
S. 137 created an independent Energy Efficiency Utility (EEU) to offer statewide energy efficiency services to residential, commercial, dairy, and industrial customers.
Restructuring Policy in Place (Y/N): No
Date Restructured: Not applicable
II. ADMINISTRATION
Administering Entity: Administrator: Efficiency Vermont
(888) 921-5990
About Efficiency Vermont Web Page
Contract Agent: Vermont Energy Investment Corporation
Beth Sachs
Executive Director, VEIC
255 South Champlain Street
Burlington, VT 05401-4717
(802) 658-6060
Fax 802-658-1643
VEIC Information Web Page
Fiscal Agent: Michael Wickenden
446 Tenney Hill Road
Hyde Park, VT 05655
(802) 888-6231
Fax (802) 888-3365
Type of Entity: Independent contractor
Administrative Contact: Blair Hamilton, Managing Director
Efficiency Vermont, info@efficiencyvermont.com
(888) 921-5990
Outreach/Customer Education: Efficiency Vermont FAQ Web Page
III. FINANCING
Funding Level (All SBC Programs): Charge not to exceed $17,500,000 per year to support all energy efficiency programs. The estimated budget for 2000-2002 was $27.8 million. Actual expenditures were $5.4 million in 2000 and $8.5 million in 2001.
Funding Source: Wires charge
Charge: 2.9 mills/kWh (cap)
IV. PROGRAM INFORMATION
Name(s)
--Commercial and Industrial Market Opportunities Program
--Commercial and Industrial New Construction Program
--Dairy Farm Program
--Residential New Construction Program
--Residential Low-Income Program
--Efficient Products Program
--Emerging Markets Initiatives Program
--C&I Customer Credit Program
Press Releases: Efficiency Vermont Pressroom Web Page
V. POLICY/PROGRAM ASSESSMENT
Reporting Requirements: The EEU must submit Quarterly Reports to the Vermont Public Service Board, the Contract Administrator, the Fiscal Agent, the Vermont Department of Public Service, and the EEU Advisory Committee.
Assessing Entity: Efficiency Vermont
Report Date:
2000 Annual Report--March 1, 2001
2001 Annual Report--March 1, 2002
Report Name: Efficiency Vermont Annual Report [Adobe Acrobat File]
Status
According to their Annual Reports, Efficiency Vermontís 2000 and 2001 actions resulted in 60,359 MWh of annual saved electricity, which is already 72% of the three-year MWh savings goal established by the Vermont Public Service Board as a key indicator of Efficiency Vermontís performance.
The value of the electricity savings from Efficiency Vermont program measures installed in the year 2000 is $17.7 million, valued at the costs Vermont utilities avoid by not purchasing or generating the electricity that the programs save over the life of the measures installed. This exceeds total Efficiency Vermont 2000 expenditures of $5.4 million by $12.3 million. Stated another way, Efficiency Vermont is helping to meet the electric energy needs of Vermonters by providing energy efficiency at approximately 2.6 cents per kWh at a time when the comparable price of wholesale electric supply is more than 5.2 cents per kWh.
A total of 30,966 households and businesses took advantage of Efficiency Vermontís technical advice and financial assistance in 2001. This is approximately 10% of all Vermont's utility customers. Together, they will save 37,565 MWh annually, as much electricity as 8,500 Vermont households use in a year. At current electric rates, these consumers are expected to collectively save $3,629,125 this year on their electric bills because of energy efficiency actions they took in 2001.
Efficiency Vermontís savings results through 2001 are comparable to power plant output of 11.8 MW during the stateís peak winter demand period and of 6.2 MW at summer peak. The 60,359 MWh saved through efficiency programs is about the same as the amount of electricity generated by the three hydroelectric dams on the lower Winooski River in a year.
Assessment Contact: Blair Hamilton, Managing Director
Efficiency Vermont info@efficiencyvermont.com
Toll Free (888) 921-5990
Attachments:
|
|
