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VT S0057
Bill
AI Summary
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Increases the cumulative plant capacity cap for Vermont's Standard Offer Program from 127.5 MW to 227.5 MW, adding 100 MW of new renewable energy capacity
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Establishes a 20 MW annual capacity increase beginning April 1, 2026, up from the previous 10 MW annual increase that began in 2019
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Limits new standard offer awards starting April 1, 2026 to solar, wind, and hydroelectric power plants only, with 2 MW reserved annually for community solar projects
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Defines "community solar project" as a solar plant owned by its members or an entity controlled by its members, with a price cap tied to the highest-cost similarly sized solar project from the preceding 12 months
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Repeals the provider block/independent developer block allocation system that previously divided annual capacity between retail electricity providers and independent developers
Legislative Description
An act relating to the Standard Offer Program
Last Action
Read 1st time & referred to Committee on Natural Resources and Energy
2/7/2025