Vermont Biz: Vermont Electric Co-op seeks approval to resume net metering

Oct 03, 2013 No Comments by

Reposted from Vermont Biz. October 2, 2013.

Vermont Electric Cooperative (VEC) filed a tariff request with the Vermont Public Service Board (PSB) Tuesday seeking approval to resume net metering installations. But Renewable Energy Vermont opposes the new VEC plan. Net metering enables consumers to generate renewable electricity and receive credits to offset electric utility bills. 

In July, VEC reached a cap established by the Vermont Legislature which requires utilities to allow net metering systems to be installed in their service territory up to a limit of 4 percent of the utility’s peak demand. The legislature has given the PSB authorization to raise the cap after analyzing the costs and benefits of these systems. Until it receives authorization to exceed the cap, VEC has stopped approving new net metering system applications. Current participants have not been affected.

“We’ve seen an increasing demand from VEC members interested in using renewable power sources. In particular, demand for net metered solar systems is picking up dramatically,” stated CEO Dave Hallquist. “Now that we’ve reached the 4% cap, this is the appropriate time to assess net metering in Vermont and determine how we can continue to encourage the adoption of renewables in an equitable and sensible manner.”

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