Combined Heat and Power Partnership
|Date Last Updated||2/27/2014|
|Policy Type||Public Benefits Fund|
|Policy Administrator/Contact Office||Efficiency Vermont|
|Policy Initiation Date||1/1/2000|
|Policy Summary||In 2000 the Vermont Public Service Board (PSB) established Efficiency Vermont. Its funding mechanism, a "volumetric charge" which varies by utility, is based on factors unique to each utility's service territory and is reviewed periodically and adjusted as necessary by the PSB. Burlington Electric Department is not required to fund Efficiency Vermont; it collects its funds and implements its programs directly under a separate agreement with the PSB. Many of Burlington Electric Department programs are identical to Efficiency Vermont programs.|
The 2012 three-year plan outlined the budget for the next three years, including $47.8 million (est.) for 2014. These estimates include funds collected from the volumetric charge as well as other funds, such as the Regional Greenhouse Gas Initiative and the ISO New England Forward Capacity Market, which fund heating and process fuels services.
By statute, the funds collected for Efficiency Vermont may not be used to meet the general obligations of the state. Efficiency Vermont provides technical assistance and financial incentives for energy-efficient building design, construction, renovation, equipment, lighting and appliances. Its primary priorities are reducing the size of future power purchases, reducing the generation of greenhouse gases, limiting the need to upgrade the state's transmission and distribution infrastructure, and minimizing the costs of electricity.
Efficiency Vermont is administered by the Vermont Energy Investment Corporation (VEIC), an independent nonprofit organization. Efficiency Vermont's programs undergo review and verification through an independent financial audit, a savings-verification process conducted by the Vermont Department of Public Service (DPS), and an independent audit mandated by the Vermont Legislature. For more information, see the PSB's web site.
Efficiency Vermont annual reports and plans include additional details on the fund, the types of projects it has funded, and its plans for the future.
Funding for CHP projects provided by these resources would be found under related dCHPP incentive types (e.g., loan, grant, or rebate).
The Vermont Energy Act of 2009 (H. 446) amended Efficiency Vermont and directed the DPS (with subsequent PSB approval and enactment) to develop a self-managed energy efficiency program for eligible transmission and industrial electric ratepayers. Certain large customers may be eligible to opt out of the program but at this time only one is eligible.
|CHP Eligibility Requirements||Does Not Specify|
|Eligible Project Size (MW)||Does Not Specify|
|Minimum Efficiency Required/|
Other Performance Requirements
|Does Not Specify|